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Mortgage Market Update
Justin Leach
JL Lending Team
Tuesday, October 20, 2026
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Pre-approval doesn't have to be complicated |
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Whether you're a first-time buyer or planning your next move, one question keeps coming up: where do I actually start? This week I'm covering something that clears the fog.
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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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Home Buying
Getting pre-approved is easier than you think
A lot of people put off getting a mortgage pre-approval because they think it's complicated or feels like a commitment. The truth is simpler: pre-approval is just a straightforward conversation about what you can afford. I'll look at your income, credit, and debts — things you already know — and give you a clear picture of your budget. It typically takes a few days, not weeks. And here's the real value: when you find a home you love, you're ready to move fast. Sellers take pre-approved buyers seriously, and you'll know exactly what price range makes sense for your situation. If you've been thinking about buying but aren't sure where to start, a pre-approval is the natural first step. If you'd like to explore what you qualify for, I'm happy to walk through it with you.
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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 Justin Leach team any time and we'll walk you through your options. |
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