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Mortgage Market Update
My Mortgage Company
Adelina Hanson
Tuesday, October 20, 2026
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Why your rate isn't your whole payment |
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I help borrowers focus on what actually matters: the real cost of borrowing, not just the headline rate. Here's what's worth your attention this week.
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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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Affordability Reality Check
What your actual payment tells you
When you're looking at a home or thinking about refinancing, it's easy to focus on the interest rate alone. But your real monthly payment depends on several moving pieces: the loan amount, how long you're borrowing for, property taxes, insurance, and if you're putting down less than 20 percent, mortgage insurance too. Each of these shifts your bottom line. Understanding what goes into your actual payment—not just the rate—helps you make smarter decisions about what you can afford and whether a refinance really makes sense for your situation. I'm always happy to walk through the real numbers with you so there are no surprises. Let's talk through what your payment could look like with your specific situation.
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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
Adelina Hanson
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