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Mortgage Market Update
My Mortgage Company
Lazaro Toledo
Tuesday, October 20, 2026
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What rising rates mean for your mortgage |
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Rates are on everyone's mind these days. Here's a straightforward look at what's actually happening and why it matters to you.
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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 climbs, here's what to know
If you've noticed mortgage rates moving up lately, you might be wondering how it affects you. The truth is, it depends on where you are in your homeownership journey. If you're locked into a fixed rate, your payment stays the same—rate changes don't touch it. But if you're thinking about buying soon or considering a refinance, higher rates do mean your monthly payment would be different than it might have been a few months ago. The good news: you have options. Some loan programs are designed to work better in different rate environments, and there are strategies to manage affordability. The key is understanding your specific situation so you can make a move that makes sense for you. Let's talk about what rates mean for your goals right now.
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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
Lazaro Toledo
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