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Mortgage Market Update
My Mortgage Company
Tim Colson
Tuesday, October 20, 2026
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When rates move, what actually happens to you |
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Hi there. I wanted to explain something I hear questions about a lot — and it's simpler than you might think.
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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
What actually changes when rates move
When you hear that rates have gone up or down, it's natural to wonder what that means for you — whether you're shopping for a home or already locked into a loan. Here's the straightforward version: if you have a fixed-rate mortgage, your payment stays the same no matter what rates do. Rate changes affect new borrowers and people considering a refinance. If you're thinking about buying or you're curious whether your current loan still makes sense, a rate shift is worth talking through with me. I can show you what's actually possible at today's rates and help you decide if any move makes sense for your situation. Let's grab a few minutes to walk through how rates affect your options.
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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
Tim Colson
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