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Mortgage Market Update
My Mortgage Company
Javier Martinez
Tuesday, October 20, 2026
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What's really changing with your mortgage |
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Hi there, I want to touch on something that comes up a lot this time of year: confusion about how rate moves affect what you're paying and what you owe.
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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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Affordability Check
When your payment goes up—and what you can do
If rates have moved since you locked in your mortgage, you might be wondering what that means for your financial breathing room. The good news: your actual monthly payment stays the same. What changes is how much of each payment goes toward interest versus principal, and how that affects your long-term payoff timeline. Understanding this matters because it helps you decide whether refinancing makes sense for your situation, or whether staying put is the smarter move right now. Every borrower's math is different, and the only way to know yours is to look at the specifics—your current loan, your timeline, your goals. That's where I come in. If you'd like a clear picture of where you stand, I'm here to walk through it 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
Javier Martinez
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