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Mortgage Market Update
My Mortgage Company
Cal Kee
Tuesday, October 20, 2026
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Your mortgage payment and interest rates |
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I get this question more often than you'd think, so I figured it was worth clarifying this week.
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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 stays the same (even when rates move)
A lot of people ask me why their monthly payment doesn't budge when rates go up or down. Here's the thing: if you have a fixed-rate mortgage, your payment is locked in for the life of the loan. Rates moving affects new borrowers and people refinancing, but it doesn't touch what you owe each month. That stability is actually one of the biggest advantages of a fixed-rate mortgage—you always know exactly what's coming out of your account. The rate environment does matter to you if you're thinking about refinancing or buying again, but your existing payment? That's set in stone. If you're curious whether a rate move might affect your financial picture, let's talk.
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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
Cal Kee
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