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Mortgage Market Update
My Mortgage Company
Jerry Siegel
Tuesday, October 20, 2026
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Your rate lock window explained |
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Mortgage rates change constantly, and so do the rules around protecting them. Here's what you need to know.
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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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Locked In
Why your rate today might not be your rate tomorrow
If you're shopping for a mortgage or thinking about refinancing, you've probably noticed that rates move—sometimes daily. What you see today is a snapshot, not a guarantee. That's why the timing of when you lock your rate matters. Once you lock, your rate is protected through closing, which gives you peace of mind. But if you haven't locked yet, or if your lock is expiring soon, it's worth understanding how these windows work and what they mean for your next steps. Every borrower's timeline is different, and locking too early or too late can change the math. I'd love to walk you through what makes sense for your situation. Let's talk about locking in your rate and what that protects.
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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
Jerry Siegel
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