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Wednesday, October 7, 2026 |
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Mortgage Market Update
Should You Buy a House Now or Wait? Colorado Mortgage Guide (2...
Welcome to your mortgage market update from Paul Cederholm for Wednesday, October 7, 2026. This week we've rounded up the latest news from Smarter Mortgage Strategies and Real Estate - Keeping Current Matters so you have everything you need in one place. Read on for the stories that matter most to homebuyers and homeowners right now.
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National Mortgage Rates · October 23, 2026
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Conventional 30-Year
6.98% 30-day Range: 6.89%–7.21%
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Conventional 15-Year
6.47% 30-day Range: 6.21%–6.56%
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FHA 30-Year
6.83% 30-day Range: 6.65%–6.96%
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VA 30-Year
6.65% 30-day Range: 6.57%–6.88%
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Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
Rates shown are national mortgage index rates plus our pricing adjustment, 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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Smart Moves
Three Things to Check on Your Mortgage Statement Today
Your monthly mortgage statement holds more useful information than most people realize, and a two-minute review can save you money. First, check your escrow balance — if your property taxes or insurance changed, your payment may adjust, and surprises are easier to handle when you see them coming. Second, look at your principal balance and compare it to your home's current value; if you've crossed below 80% loan-to-value, you may be able to drop private mortgage insurance and lower your payment. Third, confirm your interest rate and loan type so you know whether a refinance could help. None of these take long, and each one is a chance to keep more money where it belongs. If anything looks off or you're not sure, send it my way and I'll walk you through it.
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Tip of the Week
Consider a 15-year mortgage if the payment fits your budget — you'll pay significantly less in total interest.
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Tips for Homeowners
How Lenders Verify Your Income
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W-2 employees typically provide two years of W-2s and 30 days of pay stubs. Lenders average your income over 24 months and use that figure — not your current salary if it's recently increased.
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Bonus, overtime, and commission income must have a 2-year history to be counted. If it's new, most lenders won't include it in qualifying income.
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Bank statements are reviewed for large deposits. Anything unusual must be explained and sourced — lenders are required to document where your funds come from.
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Smarter Mortgage Strategies
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Should you buy now or wait for lower mortgage rates? This Colorado guide compares full housing costs, payment scenarios, first-time buyer preparation, and refinance break-even so you can choose a plan that fits your budget and timeline. The post Should You Buy a House Now or Wait? Colorado Mortgage Guide (2026–2027) appeared first on Cederholm Mortgage Advisors .
| Key takeaway: Should you buy now or wait for lower mortgage rates? |
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Real Estate - Keeping Current Matters
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You've probably heard the Federal Reserve (the Fed) is raising rates again. And if you're planning to buy or sell a house, you may be wondering what that means for you.]]>
| Key takeaway: You've probably heard the Federal Reserve (the Fed) is raising rates again. |
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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 Paul Cederholm team any time and we'll walk you through your options.
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303-931-6798
NMLS# 1697336 · Company NMLS# 891464
Mortgage Broker | Cederholm Mortgage Advisors at Edge Home Finance · Unsubscribe
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