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Mortgage Market Update
My Mortgage Company
Anthony Glenn
Tuesday, October 20, 2026
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Why waiting could be working against you |
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Hi there—this week I want to talk about one decision a lot of homeowners struggle with. It's the choice between making a move now or holding tight to see what happens next.
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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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Smart Timing
When waiting on a refinance actually costs you
A lot of homeowners tell me they're 'watching and waiting' for rates to drop before refinancing. I get it—nobody wants to move forward and then see rates fall the next week. But here's what I've learned: waiting has a real cost, even when you don't see it on paper. Every month you delay is another month of higher payments, and that adds up whether rates move or stay put. Sometimes the math works in your favor today, even if conditions might improve tomorrow. The key is knowing the difference between smart patience and costly hesitation. Let's look at your situation together and see what makes sense for your specific loan and timeline. I'd be happy to walk through your numbers and show you what waiting versus acting looks like for your mortgage.
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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
Anthony Glenn
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