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Mortgage Market Update
My Mortgage Company
Eric Smith
Tuesday, October 20, 2026
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What lower rates could mean for you |
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Mortgage rates are always moving. Here's what that might change for you and your home.
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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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Rate Environment
When rates drop, your options open up
If you've been watching rates move, you might be wondering what it means for you personally. When rates shift downward, existing borrowers sometimes find that refinancing makes sense—it can lower your payment or help you pay off your loan faster. For those thinking about buying, a rate dip can stretch your buying power further. The key is understanding where you stand right now: what you're paying, what your home is worth, and what your financial goals actually are. Those answers are different for everyone, which is why a conversation beats guessing. I'm here to help you figure out whether any recent market moves create an opportunity worth exploring. Reach out and let's talk through what's possible 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
Eric Smith
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