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Mortgage Market Update
My Mortgage Company
Anthony Rice
Tuesday, October 20, 2026
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What moves your mortgage payment |
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Hi there. This week I want to clear up something that catches a lot of homeowners off guard.
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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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Mortgage Basics
Why your mortgage payment can change even when rates don't
A lot of people assume their monthly payment stays the same for the life of their loan. But there are a few things that can shift the amount you pay each month—even if interest rates don't move. Property taxes can go up. Homeowners insurance premiums change. If you put down less than 20 percent, mortgage insurance factors in too. On an adjustable-rate mortgage, your rate itself will adjust after the initial fixed period ends. Understanding what's baked into your payment and what might move down the road helps you budget with confidence. If you're curious about what could affect your specific situation, I'm here to walk through it with you. Let's talk about what your payment includes and what might change over time.
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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
Anthony Rice
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