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Tuesday, October 20, 2026 |
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Mortgage Market Update
Local community news from Sheridan this week
We know you care about what's happening in your neighborhood—it shapes the community you're building equity in. Here are three stories that caught our attention this week in the Sheridan area.
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National Mortgage Rates · October 16, 2026
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Conventional 30-Year
8.28%
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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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Smart Borrowing
Why your loan term matters more than you think
When you're shopping for a mortgage, interest rate gets all the attention—but your loan term (15 years, 30 years, or something in between) shapes your entire financial picture. A longer term means lower monthly payments but more interest paid over the life of the loan. A shorter term builds equity faster and costs less overall, but your payment is higher each month. The right choice depends on your income stability, other financial goals, and how long you plan to stay in the home. There's no universal "best" answer, which is exactly why it's worth a conversation. I can walk you through what each option actually costs you and what makes 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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After an unusually warm stretch, a weather system moving into Sheridan County this week will bring rain and mountain snow. If you're planning outdoor work around your home—yard maintenance, gutters, or landscaping—now's a good time to wrap it up before the wet weather arrives.
| Key takeaway: plan any outdoor home projects for the next few days before conditions change. |
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Northern Wyoming's Live by Living group is creating meaningful connections for cancer survivors and their caregivers through outdoor recreation and community building. It's a reminder of the strong, supportive community that makes Sheridan a great place to call home.
| Key takeaway: knowing your community and its support networks is part of what makes a neighborhood worth investing in. |
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The winner of this year's button design contest will be announced Tuesday at 4 p.m. at the Chamber of Commerce presentation. It's a fun local tradition as the community gears up for the 31st annual Christmas Stroll.
| Key takeaway: community events like this are part of the local culture that brings neighbors together year after year. |
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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 Altitude Home Mortgage team any time and we'll walk you through your options.
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954 N Main Street
302187739
Altitude Home Mortgage · Unsubscribe
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