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Mortgage Market Update
My Mortgage Company
Ron Succarotte — Ronald Angelo Succarotte
Tuesday, October 20, 2026
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Your home costs more to own now—let's talk |
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Hi there. One thing I've noticed is that homeownership costs don't stay frozen in time—they shift as life unfolds.
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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 home costs more to own than it used to
If you've owned your home for a while, you might not think about affordability anymore—the mortgage is what it is. But life changes. Property taxes go up. Insurance premiums climb. Maintenance costs pile up. Suddenly, the monthly cost of staying in your home feels different than it did a few years ago. That's worth paying attention to. Sometimes a refinance can help lower your mortgage payment and free up breathing room in your budget. Other times, it's worth exploring whether adjusting your loan term or program makes sense for where you are now. The point isn't to panic—it's to get clear on your options. I'd like to help you take a fresh look at your situation and see if there's a smarter way forward. Let's talk about what's changed for you and what might work better.
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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
Ron Succarotte — Ronald Angelo Succarotte
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