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Mortgage Market Update
My Mortgage Company
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Tuesday, October 20, 2026
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Your credit score shapes more than you think |
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One of the most misunderstood parts of getting a mortgage is how your credit score affects not just whether you qualify, but what you actually qualify for. Here's what matters.
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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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Loan Programs
What your credit score actually unlocks
Your credit score does more than just get you approved or denied—it shapes the entire loan you're offered. A stronger score often qualifies you for better terms, more flexible programs, and options that simply aren't available to everyone. That doesn't mean a lower score closes all doors; it means understanding which programs fit your situation and what moving your score even a few points might open up. If you've been putting off a purchase or a refinance because you're unsure where you stand, it's worth a conversation. I can walk you through what's realistic for your profile right now and what might change if your credit picture shifts. Let's talk about what loan options make sense 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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