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Mortgage Market Update
My Mortgage Company
Keith Collins — Keith Collins
Tuesday, October 20, 2026
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Your income went up—what changed for your mortgage? |
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A lot can shift in your financial life since you closed on your home. This week, I want to talk about one thing borrowers often overlook.
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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 Check
When your income changes, your mortgage might change too
Life happens. You get a raise, take on a second job, or maybe your household income shifts for other reasons. The good news: if your financial picture has improved since you got your mortgage, you may have options you didn't know about. A stronger income can open doors to better loan terms, lower rates, or the ability to refinance into a program that works harder for you. Even a modest income increase can make a real difference in what you qualify for. If things have changed on your end—whether that's income, credit, or just time passing—it's worth a conversation. I'm here to help you see what might be possible now. Let's talk about whether a change in your finances opens up new opportunities for your mortgage.
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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
Keith Collins — Keith Collins
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