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Mortgage Market Update
My Mortgage Company
Lindsay Luton
Tuesday, October 20, 2026
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Why your mortgage payment might be more stable than you think |
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Hi there—I wanted to clear up something that comes up in conversations a lot, because it affects how you budget and plan ahead.
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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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Mortgage Basics
Why your payment stays the same (even when rates don't)
One question I hear often: if rates move, does my monthly payment change? The answer depends on what kind of loan you have. If you have a fixed-rate mortgage, your payment is locked in for the life of the loan—rate changes in the market don't affect you at all. That's one reason fixed-rate loans feel so stable. If you have an adjustable-rate mortgage, things work differently; your rate (and payment) can shift after an initial period. Understanding which type you have—and what it actually means for your wallet—helps you plan ahead and make smarter money decisions. If you're not sure which loan you're in or want to talk through your options, I'm here to walk you through it. Let me know if you'd like to review your loan details and talk through what's right for your situation.
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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
Lindsay Luton
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