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Mortgage Market Update
My Mortgage Company
Alex Hernandez
Tuesday, October 20, 2026
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Your credit score is worth the attention |
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We spend a lot of time talking about rates and payments—but there's something that controls both of those things: your credit score. Here's what you need to know.
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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 & Borrowing
Why your credit score matters more than you think
Your credit score isn't just a number—it's the single biggest factor lenders use to decide whether to approve your loan and what rate you'll qualify for. Even a modest difference in your score can affect your monthly payment and the total cost of borrowing over the life of your loan. The good news: there are real steps you can take to improve it. Paying bills on time, keeping credit card balances low, and avoiding new debt applications before you apply for a mortgage all make a measurable difference. If you're thinking about buying or refinancing soon, it's worth checking your score now and giving yourself time to strengthen it if needed. I'd be happy to walk you through what lenders look for and whether your current score is working for or against you. Let's review your credit profile and talk through next steps.
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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
Alex Hernandez
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