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Mortgage Market Update
My Mortgage Company
Andrea Twyman's Account
Tuesday, October 20, 2026
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When your mortgage payment feels too high |
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Sometimes the numbers that made sense at closing stop making sense later. Here's what you can actually do about 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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Affordability Check
When your payment gets harder to manage
Life changes fast. A job shift, a growing family, unexpected expenses—suddenly that mortgage payment that felt comfortable might feel tight. If you're in that spot, you're not stuck. Depending on your loan type and how long you've been paying, you might have options: adjusting your loan term, exploring a different program, or even tapping equity you've built. The key is talking about it early, before you fall behind. I've helped borrowers in your exact situation find breathing room. There's no shame in it—it's smart planning. Let's talk about what's realistic 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 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
Andrea Twyman's Account
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