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Mortgage Market Update
My Mortgage Company
Elizabeth Fisher
Tuesday, October 20, 2026
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Why your rate might differ from what you're hearing |
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Rates are a constant topic of conversation, and it's easy to feel like you're missing out if your number doesn't match what someone else got. Here's the real story.
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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
Why your neighbor's rate isn't necessarily your rate
When rates move, they move for everyone—but that doesn't mean everyone gets the same one. Your rate depends on factors only your lender can see: your credit profile, the loan program you qualify for, your down payment, the property itself, and how you structure the loan. Two people buying similar homes on the same day can walk away with noticeably different numbers. That's why a generic rate you hear about matters less than the one you can actually get. The best move is to get pre-qualified so you know what's real for your situation, not what you assume based on someone else's deal. Let's talk about what rate makes 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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Your Mortgage Advisor
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My Mortgage Company
Elizabeth Fisher
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