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Mortgage Market Update
Dave Medina
The Alevate Group/CMG Home Loans
Tuesday, October 20, 2026
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Your payment and what can change it |
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Hello,
There's a lot of confusion out there about what stays locked in on a mortgage and what can move. Let me clear that up.
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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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Monthly Budget
Why your mortgage payment might feel different soon
If you have an adjustable-rate mortgage or your property taxes and insurance are due for reassessment, your monthly payment could shift—sometimes without warning. Even borrowers with fixed rates can see changes if their escrow account needs adjustment. Understanding what drives these changes helps you plan ahead instead of being surprised. The good news: there are usually options to explore if your payment moves in a direction that strains your budget. I'd rather you know what's coming than have it catch you off guard.
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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 Dave Medina team any time and we'll walk you through your options. |
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28780 Single Oak Drive, Suite 250, Temecula, Ca 92590
951-858-4761 | https://www.cmgfi.com/team/Alevate-Group
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