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Wednesday, October 21, 2026 |
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Mortgage Market Update
New homes coming to Sheridan—what it means for you
Good news for anyone watching the local housing market: Sheridan is growing. Here's what's happening in our community and why it might matter for your home.
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National Mortgage Rates · October 20, 2026
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Conventional 30-Year
8.33%
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Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
Rates shown are national mortgage index rates plus our pricing adjustment, 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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Smart Borrowing
Why your loan term matters more than you think
When you're shopping for a mortgage, interest rate gets all the attention—but your loan term (15 years, 30 years, or something in between) shapes your entire financial picture. A longer term means lower monthly payments but more interest paid over the life of the loan. A shorter term builds equity faster and costs less overall, but your payment is higher each month. The right choice depends on your income stability, other financial goals, and how long you plan to stay in the home. There's no universal "best" answer, which is exactly why it's worth a conversation. I can walk you through what each option actually costs you and what makes sense for your 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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The county commissioners just greenlit the second phase of Powder Horn Estates, a 35-lot residential development that will add more housing options to the area. New construction coming to your community can affect everything from local property values to the variety of homes available for buyers.
| Key takeaway: More housing supply in the pipeline gives buyers more choices and can help stabilize the local market as the area grows. |
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After years of accidents, Sheridan City Council voted to install a permanent four-way stop at Scott and Brundage streets. While it might add a few seconds to your commute, safety improvements like this one help protect property values and make neighborhoods more livable.
| Key takeaway: Safer intersections and better traffic management are quality-of-life upgrades that matter when you're choosing where to live. |
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Sheridan County school districts are posting increases across all content areas in the latest Wyoming proficiency tests. Strong schools are one of the biggest factors families consider when buying a home, and these results are a positive sign for our community.
| Key takeaway: Good school performance supports neighborhood desirability and can help protect your home's long-term value as a family investment. |
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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 Altitude Home Mortgage team any time and we'll walk you through your options.
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954 N Main Street
302187739
Altitude Home Mortgage · Unsubscribe
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