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Mortgage Market Update
My Mortgage Company
The Bank With Will Team
Tuesday, October 20, 2026
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What's really driving your monthly payment? |
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We talk a lot about rates around here—but they're only half the story. Here's what actually matters when it comes to your wallet.
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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 & Payment
Why your monthly payment matters more than the rate alone
When rates move, your payment moves with it. A lot of borrowers focus only on the interest rate number, but what really hits your budget every month is the payment itself. The rate, the loan amount, and how long you're financing all work together to determine what you actually pay. That's why it's worth understanding the full picture before you lock anything in. If you're shopping for a loan or thinking about your current mortgage, I can walk you through how all these pieces fit together and what different scenarios might look like for you. Let's talk through what works best for your situation.
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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
The Bank With Will Team
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