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Mortgage Market Update
Marc Sears
Marc Sears
Tuesday, October 20, 2026
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Picking the right mortgage type matters |
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Hi there. I want to share something I see happen a lot with borrowers—and how to avoid it.
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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
Not all mortgages work the same way
When you're shopping for a home or thinking about refinancing, the loan program you choose matters as much as the rate itself. Some programs let you put down less money upfront. Others are built for people rebuilding credit, or those with irregular income. A few come with built-in flexibility if your life changes. The right fit depends on your situation—your down payment, your timeline, your goals for the future. That's why I always spend time understanding what someone actually needs before pointing them toward an option. If you're in the early stages of thinking about a mortgage, or you've been told "no" elsewhere, it's worth a conversation. Let's talk about which program might work 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 Marc Sears team any time and we'll walk you through your options. |
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