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Mortgage Market Update
My Mortgage Company
Sandra Johnson
Tuesday, October 20, 2026
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Rate movement and your mortgage payment |
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Hi there. Interest rates are always in motion, and I want to clear up what that actually means for homeowners and buyers like 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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Rate Movement
When rates drop, here's what actually changes
Interest rates move all the time, and it's natural to wonder what that means for your wallet. The short answer: when rates go down, your monthly payment on a new loan would be lower. When rates go up, your payment goes up too. But here's what matters most—if you already have a mortgage locked in, your payment stays the same unless you refinance. And if you're shopping for a home or considering a refinance, rate movement is a signal worth paying attention to. The real question isn't whether rates moved a tenth of a point; it's whether the direction makes sense for your situation right now. That's where a quick conversation helps. Let me know if you'd like to talk through where rates are heading and what it could mean for you. Reach out if you'd like to understand how today's rates affect your options.
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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
Sandra Johnson
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