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Mortgage Market Update
My Mortgage Company
FLO Mortgage NMLS 1835856
Tuesday, October 20, 2026
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What your credit score really tells lenders |
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Your credit history is more than just a number — it's a conversation between you and lenders. 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
Your credit score matters more than you think
When you're ready to buy or refinance, your credit score influences more than just whether you get approved — it shapes the terms you'll receive. Lenders use your score to assess risk, and that assessment directly affects your interest rate and the programs available to you. The good news: you don't need a perfect score to qualify, but understanding where you stand and addressing any issues beforehand gives you real leverage. Small improvements to your credit profile can open doors to better options. If you're thinking about a mortgage in the near or distant future, now is the time to get curious about your credit. I'm happy to walk through what lenders look at and what matters most for your situation. Let's talk about where your credit stands and what it 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
FLO Mortgage NMLS 1835856
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