Ryan Musgrove · October 20, 2026

When your mortgage payment feels tight

Mortgage Market Update

My Mortgage Company

Ryan Musgrove

Tuesday, October 20, 2026

When your mortgage payment feels tight

Sometimes the best financial move is the honest conversation you've been putting off. This week, I want to talk about what to do if your monthly payment has become a real stretch.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

Rate trend

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.


Payment Planning

When your mortgage payment gets harder to manage

Life happens. A job change, unexpected expense, or shift in your budget can make your monthly payment feel tight. If you're feeling that squeeze, you have more options than you might think. Some borrowers benefit from looking at their loan term, exploring different programs, or understanding what refinancing could do to their cash flow. Others find that a conversation about their overall picture—income, expenses, goals—helps clarify the right next step. The key is reaching out before you're in a bind. I've helped plenty of people find breathing room in their budget, and there's no shame in asking the question.

If your payment is weighing on you, let's talk through what might help.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.

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).

2.

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.

3.

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.

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.

Your Mortgage Advisor

M

My Mortgage Company

Ryan Musgrove

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