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Mortgage Market Update
Megan Luksha
Megan Luksha
Tuesday, October 20, 2026
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What we actually check to approve a mortgage |
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Hi there. One of the best ways to move smoothly through a mortgage is to know what's coming.
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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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Getting Ready
What lenders look at before they say yes
A lot of people think a mortgage approval hinges on one or two things—usually your credit score or down payment. In reality, lenders look at the whole picture. We're checking your income, your debt levels, your employment history, and how you've managed credit over time. We also verify assets and review your bank statements. None of this is meant to make things harder; it's how we make sure a loan works for you and that you can actually afford the home you're buying. Understanding what's coming helps you prepare and speeds things up. If you're thinking about buying or refinancing soon, I'm happy to walk you through what we'll need and answer any questions ahead of time. Let's talk about what your approval process might look like—reach out anytime.
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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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