Dustin Munu · October 21, 2026

Do you know how much equity you have?

Mortgage Market Update

Dustin Munu

Dustin Munu

Wednesday, October 21, 2026

Do you know how much equity you have?

Markets shift, but the fundamentals of smart borrowing stay the same. Here's what you should know this week.

National Mortgage Rates · October 20, 2026

Conventional 30-Year

7.33%

FHA 30-Year

7.13%

VA 30-Year

6.95%

Rate trend

Source: Optimal Blue daily mortgage indices via FRED

Rates shown are national mortgage index rates and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.


Home Equity

Your home's equity can work for you

If you've owned your home for a few years, you likely have built up equity—the difference between what your home is worth and what you still owe. That equity isn't just a number on paper. It can become real money when you need it, through a home equity line of credit, a cash-out refinance, or a home equity loan. These tools let you borrow against your equity at rates that are often better than credit cards or personal loans, and the interest may be tax-deductible. Whether you're funding home repairs, consolidating debt, or covering a major expense, understanding your options makes a real difference. I'd love to walk you through what might make sense for your situation.

Let's talk about how much equity you have and what you could do with it.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.

Consider making your January mortgage payment in December to get an extra month of deductible interest in the current tax year (consult your tax advisor first).

2.

If you plan to sell next year, now is a good time to document improvements — receipts and records add to your cost basis and reduce taxable capital gain at sale.

3.

Review your W-4 withholding if you bought a home this year — your mortgage interest deduction may mean you're having too much withheld from each paycheck.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Dustin Munu team any time and we'll walk you through your options.

Your Mortgage Advisor

D

Dustin Munu

Dustin Munu

dustin.munu@edgehomefinance.com

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