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Mortgage Market Update
Michael King
Michael King
Tuesday, October 20, 2026
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Your mortgage payment tells a bigger story |
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Hello,
This week I want to talk about something that quietly shapes your financial life — and often gets overlooked.
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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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Smart Money Habits
Why your payment history matters more than you think
Your mortgage payment history is one of the most powerful financial records you own. Every on-time payment builds trust with lenders and strengthens your credit profile — which matters not just for mortgages, but for future refinancing, home equity lines, and even better rates on other credit. Missing a payment or paying late can have ripple effects that last years. The good news: if you've been steady with your payments, you're already building real equity in your loan. And if life has thrown you a curveball, knowing your history is the first step to getting back on track. I'd love to talk about where you stand and what options might work for your situation.
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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 Michael King team any time and we'll walk you through your options. |
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619-944-1137 | https://www.barrettfinancial.com/michael-king
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