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Mortgage Market Update
My Mortgage Company
Gary Wright — Gary Wright
Tuesday, October 20, 2026
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Life changes—have your loan options? |
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Your financial picture isn't static, and neither should your mortgage strategy be. Here's what you should know about revisiting your borrowing when circumstances shift.
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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 Shifts
When your budget changes, your mortgage options might too
Life happens—income grows, expenses shift, or your financial priorities change. The good news is that your mortgage doesn't have to stay frozen in place. Whether you've had a raise, paid down other debt, or your situation has simply evolved, it's worth checking in on what you qualify for now versus when you first borrowed. You might have access to programs, terms, or payment structures that weren't right for you before but could work beautifully today. There's no obligation in exploring what's possible. I'm here to show you your real options based on where you are right now. Let's talk about whether a change might make sense 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
Gary Wright — Gary Wright
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