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Mortgage Market Update
My Mortgage Company
Josh Deutsch — Josh Deutsch
Tuesday, October 20, 2026
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The real cost of your interest rate |
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One of the most important numbers on your mortgage isn't always the one people focus on. Here's what you need to know about interest rates and how they work.
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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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Mortgage Basics
Why your interest rate matters more than you think
Your interest rate isn't just a number on paper—it shapes how much you pay over the life of your loan and how much monthly flexibility you have. Even small rate changes can shift your monthly payment, the total interest you'll pay, and your ability to build equity quickly. Understanding this helps you make smarter decisions about timing, loan choices, and whether refinancing might help. The better you understand your rate's real impact, the easier it is to spot opportunities that actually matter for your situation. Let's talk about what your rate really means for your goals.
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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
Josh Deutsch — Josh Deutsch
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