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Mortgage Market Update
My Mortgage Company
Jerry Ziadat - Lendside
Tuesday, October 20, 2026
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Rates and what you can actually afford |
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Hi there. This week I want to talk about the direct link between interest rates and your buying power—because it's not always obvious how one affects the other.
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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 & Rates
What happens to your budget when rates shift
Rate movements do more than just change your monthly payment—they change what you can afford to borrow in the first place. When rates rise, lenders approve lower loan amounts for the same monthly budget. When rates fall, your buying power can actually increase. This matters whether you're shopping for your first home, considering a move, or thinking about refinancing. Understanding this relationship helps you make smarter decisions about timing and the price range that makes sense for your situation. I'm always happy to walk you through what your budget looks like in today's environment. Reach out anytime to see how your affordability has changed.
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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
Jerry Ziadat - Lendside
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