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Mortgage Market Update
Angela Comstock
Angela Comstock
Tuesday, October 20, 2026
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Your payment might be costing you more than it needs to |
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Hi there. This week I want to talk about something that often sneaks up on homeowners: the gap between what you're paying now and what you could be paying.
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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 Check
When your payment changes, your budget does too
A lot of homeowners don't realize how much their monthly payment can shift over the life of a loan—especially if you're adjustable-rate or if rates moved since you bought. Even on a fixed rate, property taxes and insurance creep up year after year, so what felt comfortable five years ago might feel tight today. The good news: if your situation has improved (better income, stronger credit, or you've paid down debt), you might have options to lower your payment or shorten your timeline. It's worth taking a step back and asking whether your current loan still fits your life. I'm here to walk through what might work better for you. Let's talk about whether your loan is still the right fit.
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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 Angela Comstock team any time and we'll walk you through your options. |
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