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Mortgage Market Update
My Mortgage Company
Nick Mastropietro
Tuesday, October 20, 2026
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Rates moved—here's what that means for you |
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Rates don't stay still. When they move, your mortgage picture can shift, too. Let me break down what that could mean for your wallet and your options.
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National Mortgage Rates · October 16, 2026
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Conventional 30-Year
7.28%
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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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Rate Movement
When rates drop, your options change
If you've been watching rates lately, you know they move. When rates shift down even a little, it can open doors you didn't have before—whether that's refinancing into a better loan, pulling cash out of your home for a project, or finally making that move you've been considering. The reverse is true too: when rates climb, some strategies make more sense than others. The key is knowing which moves actually pencil out for your situation. That's where a real conversation helps. I can walk you through what your options look like right now, given where rates are today, and help you figure out if any of them make sense for you. Give me a call or send me a note—I'd be glad to review your options with you.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Nick Mastropietro
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