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Mortgage Market Update
My Mortgage Company
Brendan McKiernan
Tuesday, October 20, 2026
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What rate movement means for your wallet |
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Hi there. Interest rates don't stay still, and neither should your financial plan.
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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 happens to your budget when rates shift
Most people think about rates only when they're buying or refinancing—but the truth is, rate movements affect your financial picture even if you're not planning a transaction. When rates move up, homes become less affordable across the market (which can matter if you're thinking about buying in the next year or two). When rates move down, refinancing might open doors you didn't have before. Understanding how rates flow through your situation helps you make smarter decisions about timing, savings goals, and when to act. I'd like to walk through what a rate change could mean for your specific goals—no obligation, just clarity. Reach out and we can talk through how today's environment shapes your next move.
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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
Brendan McKiernan
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