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Mortgage Market Update
My Mortgage Company
Spencer Javier
Tuesday, October 20, 2026
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What a rate change really means for your payment |
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Rates are always moving. Here's what you actually need to know about how that affects you as a homebuyer or homeowner.
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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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Affordability & Payments
When rates move, here's what actually happens to your payment
A lot of people ask me whether they should wait for rates to drop before applying for a mortgage. The honest answer is: rate moves affect your payment, but they're just one piece of the picture. A small rate change translates into a predictable change in your monthly payment—but the direction of rates is impossible to time. What matters more is whether you're ready to buy, whether you've got your finances in order, and whether a home fits your actual goals right now. If you're thinking about buying or refinancing, I'd rather see you move forward with a clear-eyed view of your numbers than wait for a perfect moment that may never come. Let's talk about where you stand and what your options look like. If you'd like to walk through your situation, I'm here to help.
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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
Spencer Javier
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