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Mortgage Market Update
My Mortgage Company
James Miller
Tuesday, October 20, 2026
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Your mortgage doesn't have to feel this tight |
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Sometimes a mortgage that seemed perfect a year or two ago stops feeling that way. If that's you, you're not alone—and you have more options than you might think.
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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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Home Affordability
When your budget feels tight, your options expand
A lot of folks assume that if rates have moved or their income has changed, they're stuck with their current mortgage forever. That's not how it works. Whether you're feeling squeezed by payments, worried about a job transition, or just want to know what's actually possible with today's lending landscape, there are legitimate paths forward—loan programs designed for different situations, ways to restructure what you owe, or strategies to free up breathing room each month. The real answer depends on your specific numbers and goals, which is why a conversation beats guessing. I can walk you through what's realistic for your situation without any pressure. Reach out if you'd like to talk through what might work 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
James Miller
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