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Mortgage Market Update
Lenni Oh
Lenni Oh
Tuesday, October 20, 2026
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When your mortgage payment feels like too much |
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Sometimes life throws a curveball at your budget. If your mortgage payment has started to feel tight, you're not alone—and there are real tools that can help.
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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 payment gets tighter, you have options
Life changes fast. A job shift, new family expenses, or even rising property taxes can make your current mortgage feel less comfortable than it once did. The good news: you're not stuck. Depending on your situation, you might refinance to a longer loan term, tap into home equity you've built, or explore other programs designed to ease the monthly burden. Even small adjustments can add breathing room to your budget. The first step is understanding what's available to you—and that's exactly what I'm here to help with. If your payment has become a stretch, let's talk through what might work 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 Lenni Oh team any time and we'll walk you through your options. |
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