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Mortgage Market Update
My Mortgage Company
Michael Rodriguez
Tuesday, October 20, 2026
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What really moves your monthly payment |
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Every homeowner and buyer I work with wants the best rate possible. But I've learned that the full picture matters just as much.
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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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Smart Borrowing
Why your payment matters more than the rate
When rates move, the conversation usually focuses on the number itself. But here's what really affects your daily life: your monthly payment. A lower rate is great, but it's the payment you actually make each month that shows up in your budget. The good news is that your payment depends on more than just the interest rate. The loan term you choose, how much you put down, and the programs you qualify for all play a role. Understanding all these pieces together—not just chasing the lowest rate—is how you find a mortgage that actually works for your situation. Let's talk through what your payment could look like and find the right fit 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 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
Michael Rodriguez
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