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Mortgage Market Update
My Mortgage Company
Dakota Howard
Tuesday, October 20, 2026
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Your loan might not be the best match |
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Every week I work with borrowers who are in the right home but the wrong loan. This week, let's talk about fit.
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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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Loan Programs
Which loan type actually fits your situation?
There's no such thing as a one-size-fits-all mortgage. Fixed-rate loans, adjustable-rate options, FHA programs, conventional loans—they all work differently depending on your goals, timeline, and financial picture. A loan that's perfect for one borrower might create real stress for another. The key is matching the right program to where you actually are, not where you think you should be. If you're not sure your current loan is the best fit, or you're shopping for the first time and feeling overwhelmed by the choices, I'd love to walk through your specific situation. We can look at what you need and find the program that makes sense. Let's talk about which loan option works best for you.
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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
Dakota Howard
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