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Mortgage Market Update
Joseph R Garner
Joseph R Garner
Tuesday, October 20, 2026
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When finances shift, let's find your next move |
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Financial situations aren't static, and neither are your mortgage options. Let me share what I'm seeing work for borrowers navigating real changes.
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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 shrinks, your options don't have to
Life changes fast. A job shift, new expenses, or tighter household budget can make you wonder if homeownership still pencils out—or if staying put is suddenly less comfortable. The good news: your situation today doesn't lock you into one path. If you're a homeowner, there may be programs or adjustments worth exploring. If you're thinking about buying, a honest conversation about what truly works for your finances now can open doors you didn't expect. I've worked with plenty of people who thought they were stuck, only to find a solution that fit. The key is checking in with where you actually stand, without judgment. Let's talk through what makes sense for your budget right now.
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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 Joseph R Garner team any time and we'll walk you through your options. |
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