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Mortgage Market Update
Megan Luksha
Megan Luksha
Tuesday, October 20, 2026
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When your payment feels like too much |
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Hi there—I want to check in about something I hear from homeowners pretty often. Sometimes the numbers that worked great at closing don't feel the same a year or two down the road.
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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, a growing family, or even just the cost of living catching up—suddenly that mortgage payment that felt manageable might feel tight. The good news: you have options, and you don't have to sit with the discomfort. Some borrowers find relief through a rate adjustment if market conditions shift. Others discover they can tap home equity for breathing room without starting over. A few realize their loan program doesn't match where they are anymore. The key is knowing what's actually possible for your situation right now. I'd like to help you look at your numbers and figure out whether a small adjustment could make a real difference. Let's talk about what your payment picture looks like these days.
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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 Megan Luksha team any time and we'll walk you through your options. |
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