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Mortgage Market Update
My Mortgage Company
Secured Lending Group
Tuesday, October 20, 2026
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What rate changes mean for your budget |
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Hi there. We're in the middle of a busy season for homebuyers and homeowners alike — and I'm seeing a lot of questions about how shifting rates change the math.
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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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Affordability Check
When your payment changes, here's what to watch
Interest rates move regularly, and when they do, your monthly payment changes too — whether you're shopping for a home or thinking about refinancing. A small shift in rates can add or subtract meaningful money from your budget each month. The key is understanding how those moves affect what you can actually afford, and whether your current situation still makes sense for your goals. If you've been curious about where rates stand this week or how a change might impact your finances, now's a good time to run those numbers together. I'm here to help you see the full picture. Let's talk through how today's rates affect 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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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
Secured Lending Group
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