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Mortgage Market Update
Nicholas Valasek
Nicholas Valasek
Wednesday, October 21, 2026
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Do you know how much equity you have? |
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I'm sharing tools and insights to help you make smarter decisions about your home and your money. This week, let's look at one of the most powerful benefits of homeownership.
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National Mortgage Rates · October 20, 2026
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Conventional 30-Year
7.33%
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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 Building
Your home is working for you—here's how
Every payment you make builds equity in your home. That's real wealth accumulating over time, separate from any change in your home's value. The sooner you understand how much equity you have, the sooner you can think strategically about it—whether that's using it to fund a renovation, consolidate debt, or simply knowing you're building something tangible. Many homeowners are surprised to learn how much equity they've built without really tracking it. I can help you get a clear picture of where you stand and what options might make sense for your situation. Let's talk about your equity and what it could mean for your goals.
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Tip of the Week
Your loan officer can run a credit simulator to show exactly which actions will move your score the most.
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Tips for Homeowners
Year-End Tax & Mortgage Planning
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1.
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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).
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2.
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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.
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3.
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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.
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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 Nicholas Valasek team any time and we'll walk you through your options. |
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