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Mortgage Market Update
My Mortgage Company
Raven Taylor
Tuesday, October 20, 2026
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Why your payment moves more than you'd think |
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Hi there. This week I'm covering something that affects every mortgage holder and every mortgage shopper—and it's often misunderstood.
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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 Strategy
What happens to your payment when rates move
One of the most important things to understand about your mortgage is how sensitive your payment is to interest rate changes. Even a small shift in rates can meaningfully affect what you owe each month—and understanding this helps you make smarter decisions about when to lock in, whether to refinance, or how much house you can comfortably afford. The relationship between rates and payments isn't always intuitive, which is why I see people surprised when they run the numbers. If you're thinking about buying, refinancing, or just want to know where you stand with rate movement, it's worth a conversation. I can walk you through exactly how your situation would change under different rate scenarios. Let's talk through how rate changes would affect your specific situation.
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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
Raven Taylor
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