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Mortgage Market Update
My Mortgage Company
Nick Germano
Tuesday, October 20, 2026
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When rates shift, so does your budget |
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Hi there. Interest rates don't stay still, and neither does what homeownership actually costs you.
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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
What changes when rates move
When I talk to borrowers about rate movements, the first question is usually about their payment. That makes sense—your monthly mortgage is often your biggest expense. But rates don't just affect what you pay each month; they also change how much house you can actually afford. A shift in rates can expand or shrink your buying power, and that matters whether you're shopping now or thinking about your options down the road. If you've been on the sidelines waiting, or if you're curious what your current situation looks like, it's worth a conversation. I can walk you through how today's environment affects your specific numbers. Let's talk about what makes sense for your budget right now.
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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
Nick Germano
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