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Mortgage Market Update
Dunn Mortgage Team
Dunn Mortgage Team
Tuesday, October 20, 2026
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Start here before you shop for rates |
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One of the most useful conversations I have with borrowers has nothing to do with rates at all. It starts with a simple question: what monthly payment feels right to you?
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National Mortgage Rates · October 16, 2026
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Conventional 30-Year
6.90%
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Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
Rates shown are national mortgage index rates plus our pricing adjustment, 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
Why your budget matters more than the rate
I talk to a lot of people who focus heavily on interest rates—and I get it, rates affect your payment. But here's what I see work best: borrowers who start by figuring out what they can actually afford to pay each month, then work backward. A lower rate doesn't help if the house itself is out of reach. That's why I always ask first about your comfort zone for a monthly payment, not just "what's the lowest rate?" Once we know your real budget, we can find programs and loan terms that fit your life, not just the numbers on a rate sheet. The right loan is the one you can live with for years to come.
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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 Dunn Mortgage Team team any time and we'll walk you through your options. |
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3111 Camino Del Rio North San Diego, CA 92108
619.815.3366 | http://www.PatrickDunnTeam.com
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