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Mortgage Market Update
My Mortgage Company
Roe Roldan
Tuesday, October 20, 2026
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Why your payment might change (and when it won't) |
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Rates are always moving—sometimes a lot, sometimes barely. Here's what you need to know about how that affects you and your home.
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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
What happens to your payment when rates shift
When mortgage rates move—up or down—it changes what you'd pay on a new loan, but it doesn't touch your existing one. If you locked in a rate years ago, that payment stays the same for life, which is one of the best parts of a fixed-rate mortgage. The reason rates matter to you now is if you're thinking about buying, refinancing, or just wondering whether your current situation still makes sense. A small move in rates can shift your monthly payment or how much house you can afford, so it's worth understanding how those two pieces connect. If you'd like to see how today's market affects your specific situation, I'm here to walk through it with you. Let's talk through what rate changes mean 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
Roe Roldan
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