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Mortgage Market Update
My Mortgage Company
Carlos Munoz
Tuesday, October 20, 2026
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When finances shift, your mortgage options do too |
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Life changes fast. Your mortgage plan should be flexible enough to change with 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 Shifts
When your budget gets tighter, here's what changes
Life happens—a job change, new expenses, growing family. If your financial picture has shifted since you bought or last refinanced, it's worth knowing how that affects your options. A tighter budget might mean exploring a different loan term, adjusting your timeline, or even accessing equity you've built to consolidate other debt. The point isn't to panic; it's to have a realistic conversation early, before surprise rates or payment jumps catch you off guard. I've helped plenty of borrowers navigate this kind of transition—sometimes a small adjustment now prevents a much bigger headache later. If your situation has changed and you're wondering what it means for your mortgage, I'd like to talk it through with you. Let's discuss what makes sense for your household 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
Carlos Munoz
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