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Mortgage Market Update
My Mortgage Company
Jesse Crawford
Tuesday, October 20, 2026
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When rates change, your options change too |
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I'm seeing a lot of rate movement this week, and borrowers always ask what it means for them. Let me break it down in plain terms.
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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
What changes when rates move up or down
If you've been thinking about buying or refinancing, you might wonder how rate shifts actually affect what you can afford. Here's the straight story: when rates go up, your monthly payment rises on the same loan amount, which can lower how much you qualify to borrow. The reverse is true when rates fall. But here's what matters most—your actual financial situation doesn't change. A rate move doesn't make you richer or poorer; it just shifts what the lender will approve you for. That's why it's worth checking in periodically, especially if your income, credit, or down payment savings have improved. Even small moves in your financial health can open different options. Let's talk about where you stand today and what might be possible for you.
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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
Jesse Crawford
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