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Mortgage Market Update
Eric Neal
Eric Neal
Tuesday, October 20, 2026
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Can we make that house work for you? |
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Sometimes the home you love and the payment you can afford feel like two different things. Let me walk you through how we might bridge that gap.
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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 budget doesn't match your dream home
A lot of people find themselves in a tough spot: they've fallen in love with a house, but the monthly payment feels out of reach. The good news is that affordability isn't fixed—it moves with rates, down payment size, and loan terms. Small changes in any of those pieces can open doors you thought were closed. That's why it's worth having a real conversation about what's actually possible for your situation right now, instead of guessing or giving up on a home you want. Let's talk about what your real options look like—no pressure, just honest numbers.
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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 Eric Neal team any time and we'll walk you through your options. |
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