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Mortgage Market Update
My Mortgage Company
Roy Paeth
Tuesday, October 20, 2026
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When your payment feels too tight |
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Sometimes the best move isn't buying or selling—it's making your current home more affordable. Here's what you should know.
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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 feels tight, your mortgage might be flexible
Life changes. Maybe your income shifted, your family grew, or your expenses are higher than you expected. If your current mortgage payment is stretching you thin, you're not stuck with it forever. Depending on your situation—your loan type, how long you've been paying, and where rates stand—you might have options to ease the burden. Some borrowers find relief through a loan modification. Others discover they can refinance into a program that better fits where they are now. The key is knowing what's actually available to you, not just assuming you're locked in. I've helped plenty of homeowners find breathing room they didn't know existed. If your payment feels too high, let's talk through what 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 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
Roy Paeth
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