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Mortgage Market Update
Jennifer Tewell
Jennifer Tewell
Tuesday, October 20, 2026
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The real cost of interest rates |
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Hi there. Each week I share something I think matters for your mortgage and your home.
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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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Mortgage Basics
Why your rate matters more than you think
When rates move, most people focus on how it affects their monthly payment. That's important, but there's more to the story. The interest rate you lock in determines how much total interest you'll pay over the life of your loan—sometimes tens of thousands of dollars. It also affects how quickly you build equity in your home and what refinancing options might look like down the road. Even a small difference in rate compounds over 15 or 30 years. That's why it's worth understanding where rates stand today and how they might influence your decision, whether you're buying soon or just staying informed about your current loan. If you'd like to talk through how rates affect your specific situation, I'm here to help.
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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 Jennifer Tewell team any time and we'll walk you through your options. |
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