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Mortgage Market Update
My Mortgage Company
Ed Zuleger — Civix Project
Tuesday, October 20, 2026
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Your rate does more than you realize |
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Every week I work with borrowers who don't fully understand how their interest rate shapes their finances. Let me break down why it matters.
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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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Mortgage Basics
Why your interest rate matters more than you think
Your mortgage rate affects far more than just your monthly payment. It influences how much total interest you'll pay over the life of your loan, how quickly you build equity, and whether refinancing makes financial sense down the road. Even a small difference in rate compounds into real money over 15, 20, or 30 years. Understanding your rate—and how it compares to what's available today—helps you make smarter decisions about your home and your finances. Whether you're a current borrower or thinking about buying, knowing where rates stand gives you clarity and confidence. I'm always happy to walk through what your rate means for your specific situation. Get in touch if you'd like to talk through your rate and what it could mean for your goals.
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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
Ed Zuleger — Civix Project
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