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Mortgage Market Update
My Mortgage Company
John Kupcik
Tuesday, October 20, 2026
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Your payment and your rate aren't always connected |
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One of the most misunderstood parts of mortgages is the relationship between interest rates and monthly payments. Let me clear that up for you.
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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 payment stayed the same but your rate changed
If you've been following mortgage news, you know rates move around. But here's something that confuses a lot of homeowners: your monthly payment can stay exactly the same even when rates go up or down. How? It usually comes down to the type of loan you have. If you're on a fixed-rate mortgage, your payment is locked in for the life of the loan—rate changes don't touch it. On the flip side, if you have an adjustable-rate mortgage, changes eventually show up in your payment. Understanding which one you have, and what it means for your finances down the road, is worth a conversation. I'm happy to walk you through it. Let me know if you'd like to review your loan terms and talk about what makes sense 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
John Kupcik
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