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Mortgage Market Update
My Mortgage Company
Ann Richardson
Tuesday, October 20, 2026
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Your credit score and what it means for your mortgage |
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We talk a lot about rates and loan programs, but there's another piece of the puzzle that deserves your attention. Your credit score plays a major role in how lenders view your application—and the options available to 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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Paying Down Debt
Why your credit score matters more than you think
Your credit score isn't just a number—it's one of the biggest factors lenders look at when you apply for a mortgage. A higher score can open doors to better loan programs and terms, while a lower one might limit your options or affect what you qualify for. The good news is that credit scores aren't fixed. Paying down existing debt, keeping credit card balances low, and making on-time payments all move the needle over time. If you're thinking about buying, refinancing, or just want to understand where you stand, it's worth taking a look at your credit report and talking through what you can improve. Small moves today can add up to real advantages when you're ready to move forward. Let's talk about your financial picture and what steps make sense for 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
Ann Richardson
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