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Mortgage Market Update
My Mortgage Company
Mutual Point Insurance
Tuesday, October 20, 2026
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When rates shift, here's what to think about |
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Rates don't stay still, and neither should your strategy. This week I want to walk you through what actually happens when the market moves, and how to decide if it's time for you to act.
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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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Rate Movement
When rates drop, your next move matters
Interest rates shift constantly, and when they move in your favor, it can create real opportunities—but only if you act with the right information. A lower rate environment might mean a chance to refinance, or it might simply mean better terms for a purchase you're already planning. The key is understanding what makes sense for your specific situation: your loan balance, how long you plan to stay in your home, and what your actual closing costs would be. I see borrowers miss opportunities because they wait for a "perfect" rate that never comes, and others jump too fast without doing the math. The difference between a thoughtful move and a rushed one is usually a conversation. Let's talk about what a rate move means for you specifically.
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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
Mutual Point Insurance
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