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Mortgage Market Update
Jessica Glaeser
Tuesday, October 20, 2026
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When rates move, here's what changes |
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Every week, I see borrowers surprised by how much a rate shift affects their options. Let me walk you through it.
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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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Rate Environment
What happens to your payment when rates shift
When mortgage rates move, it affects more than just new borrowers—it changes the math for anyone thinking about refinancing or adjusting their strategy. A rate increase makes refinancing less attractive and can stretch your budget if you're house hunting. A rate decrease often opens the door to lower payments or better loan terms. The key is understanding how even small rate changes ripple through your finances. Whether you're locked into a fixed rate or watching the market, knowing how rates work helps you make better decisions about your home and your money. If you'd like to talk through what the current rate environment means for your situation, I'm here to help.
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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 Jessica Glaeser team any time and we'll walk you through your options. |
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