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Mortgage Market Update
Egan O'Brien
Tuesday, October 20, 2026
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Your rate and your monthly payment |
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Hi there—I wanted to share something that comes up in almost every conversation I have with borrowers.
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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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Payment Planning
How rate changes affect what you actually pay
When rates move, your monthly mortgage payment moves with them—but the connection isn't always obvious. A small rate increase can add meaningful dollars to your payment each month, while a rate decrease can free up real cash in your budget. Understanding this relationship matters whether you're shopping for a new mortgage or thinking about refinancing an existing one. The rate you lock today directly shapes your wallet tomorrow. If you've been curious about how current rates might affect your situation, or if you want to talk through what a payment would look like at different rate levels, I'm here to walk you through the actual numbers. Let's run through some scenarios together—reach out anytime.
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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 Egan O'Brien team any time and we'll walk you through your options. |
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