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Mortgage Market Update
My Mortgage Company
Lisa Meyer
Tuesday, October 20, 2026
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What changes when rates move in your favor |
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Rates are always moving. Here's what that means for you and your money.
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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, here's what actually changes
A lot of borrowers ask me what happens when rates move in their favor. The straightforward answer: your monthly payment goes down, which means more of what you pay each month goes toward building equity in your home instead of just interest. If you've been thinking about refinancing but weren't sure whether it made sense yet, a rate shift might tip the scales. Even small movements can add up over the life of your loan. The key is understanding that rates don't stay still for long, so if you've been on the fence, it's worth a conversation to see where you actually stand right now. If you'd like to talk through what a rate change could mean for your situation, I'm here.
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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
Lisa Meyer
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