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Mortgage Market Update
My Mortgage Company
Joseph Cowart — Joseph Cowart
Tuesday, October 20, 2026
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The loan type question nobody asks |
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Hi there. I've noticed a lot of folks focus on rate shopping and miss something equally important—the actual shape of their mortgage.
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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
Why your loan type matters more than you think
When you're shopping for a mortgage, it's easy to fixate on interest rates. But the structure of your loan—whether it's a fixed rate, adjustable rate, FHA, conventional, or something else—shapes your entire borrowing experience. Different programs suit different situations. Some lock in predictability for 30 years. Others offer flexibility or lower upfront costs if you plan to move or refinance. The right choice depends on your timeline, risk comfort, and financial goals. I'd encourage you to think beyond today's rate and consider what kind of loan actually fits your life. That's where real value lives. Let's talk through which loan structure makes the most sense 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
Joseph Cowart — Joseph Cowart
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