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Mortgage Market Update
Antonio Bullock
Antonio Bullock
Tuesday, October 20, 2026
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What lenders actually look for |
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Hi there. This week I want to talk about something that surprises a lot of people: the math behind whether a loan makes sense for you.
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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 Math
Your income matters more than you think
One question I hear often: 'Am I approved yet?' The honest answer is that lenders care deeply about the relationship between what you earn and what you'd owe. It's not just about the loan amount—it's about whether your income can comfortably carry the monthly payment alongside your other debts. If your financial situation has changed since you last looked into buying or refinancing (a raise, a promotion, paying off a car loan, or even a spouse returning to work), that shift can open doors. Conversely, new obligations can tighten things. The good news: you have more control here than you might think. Let's talk about where you stand and what your real options are. Reach out and we can walk through your current financial picture together.
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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 Antonio Bullock team any time and we'll walk you through your options. |
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