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Mortgage Market Update
My Mortgage Company
Ali Lindsay
Tuesday, October 20, 2026
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When your payment feels like too much |
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Sometimes the math that worked yesterday doesn't work today. If that's ringing true for you, you're not alone—and there may be a path forward.
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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 Check
When your budget stops matching your mortgage
Life changes fast. A job shift, new expenses, growing family—suddenly that mortgage payment that felt comfortable might feel tight. The good news is you're not stuck. If your situation has shifted, you may have options worth exploring: a refinance to a longer term, a loan program adjustment, or even a conversation about what's actually feasible right now. I've seen borrowers surprise themselves with flexibility they didn't know existed. The first step is honest: take a real look at your budget today versus when you got your loan. If things have tightened, let's talk through what's possible. You might have more breathing room than you think. Reach out if your finances have changed and you want to explore your 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
Ali Lindsay
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