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Mortgage Market Update
Bryan Beasley
Bryan Beasley
Thursday, October 22, 2026
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Do you know how much equity you've built? |
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Hello,
Here's something worth checking in on if you haven't thought about it lately.
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National Mortgage Rates · October 21, 2026
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Conventional 30-Year
7.30%
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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.
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Equity Check
Your home equity might be worth more than you think
If you bought a few years ago or have been paying down your mortgage, there's a good chance you've built more equity than you realize. Home values have shifted, and your payments have been working for you. That equity can open doors—whether you're thinking about refinancing into a better loan term, tapping into cash for home repairs or other needs, or simply understanding your financial position better. The best part? Finding out what you've got costs nothing and takes just a conversation. If you're curious where you stand, I'd love to help you get that picture clear. Let's talk about your equity and what options might make sense for your situation.
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Tip of the Week
Test your sump pump before the rainy season by pouring water into the pit — a failed pump can lead to serious basement flooding.
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Tips for Homeowners
Rate Lock Strategy: When and How Long to Lock
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1.
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A rate lock guarantees your interest rate for a set period — typically 30, 45, or 60 days. Longer locks cost more but protect you if the process takes longer than expected.
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2.
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Lock when you're under contract and confident the deal will close. Don't lock before you have a signed purchase agreement — you're paying for protection you may not need.
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3.
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If rates drop after you lock, ask your lender about a float-down option. Some lenders offer this for a fee, allowing you to take advantage of a lower rate if the market moves in your favor.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Bryan Beasley team any time and we'll walk you through your options. |
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