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Mortgage Market Update
My Mortgage Company
Edge Home Finance, LLC
Tuesday, October 20, 2026
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Your credit score and your mortgage options |
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Not all borrowers qualify for the same mortgage programs or terms. One of the biggest reasons? Credit scores. Here's what you should 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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Smart Borrowing
Why your credit score matters more than you think
Your credit score isn't just a number—it's one of the biggest factors that determines what mortgage options are available to you and how favorable your terms can be. A higher score can open doors to better loan programs and more competitive rates, while a lower score may limit your choices or make borrowing more expensive. The good news is that credit scores aren't fixed. Small, deliberate moves—like paying bills on time, keeping credit card balances low, and checking your report for errors—can make a real difference over time. If you're thinking about buying, refinancing, or just want to understand where you stand, I'm happy to walk through what your credit profile means for your mortgage options. Let's talk about your credit and what it means for your borrowing power.
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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
Edge Home Finance, LLC
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