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Mortgage Market Update
Pia Harriman
Pia Harriman
Tuesday, October 20, 2026
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Your rate depends on more than you think |
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Rates are one piece of the puzzle, but they're not the whole story. Here's what moves the needle on what you'll actually pay.
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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
Why your neighbor's rate might not be your rate
When rates move, not everyone gets the same one. I know that sounds strange, but it's true. Your credit profile, down payment, loan type, property details, and how long you've been shopping all factor into the rate a lender offers you. Two people applying on the same day can walk away with different numbers. That's why it matters to get pre-approved or have a real conversation with a lender who knows your full picture—not just comparing rates you see advertised online. If you're thinking about buying or refinancing, I'd like to pull your actual numbers and show you what you'd really qualify for. Reach out and let's talk about your specific situation—no obligation.
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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 Pia Harriman team any time and we'll walk you through your options. |
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