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Mortgage Market Update
My Mortgage Company
American Mortgage
Tuesday, October 20, 2026
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Does your credit score match your rate? |
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Hi there — this week I want to circle back to something that affects nearly every mortgage conversation.
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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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Debt Management
Your credit score and your mortgage rate
Your credit score is one of the biggest factors that influences the interest rate you're offered on a mortgage. It's not the only thing lenders look at, but it matters a lot. The good news is that if your score has improved since you last borrowed, or if you're applying for the first time, you may qualify for better terms than you expect. Even small improvements in your score can add up to real savings over the life of a loan. If you're thinking about buying soon or refinancing, it's worth understanding where you stand and whether there are simple steps you could take to strengthen your application before you apply. Let's talk about what your credit profile means for your mortgage options.
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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
American Mortgage
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