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Mortgage Market Update
My Mortgage Company
Tera Taylor
Tuesday, October 20, 2026
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Picking the right mortgage type |
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Hi there. Every mortgage isn't the same, and one size doesn't fit all borrowers.
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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
Which loan type makes sense for your situation
Not all mortgages are built the same, and the right program for your neighbor might not be the right one for you. Fixed-rate loans lock in your payment for the life of the loan—solid if you plan to stay put. Adjustable-rate mortgages start lower but change over time, which can work if you're thinking of selling or refinancing before rates adjust. Government-backed programs like FHA or VA loans have different rules and benefits depending on who qualifies. The program you choose shapes your payment, your flexibility, and your risk over years. If you're unsure which direction makes sense given your goals and timeline, I'd love to walk through the options with you. Let's find the loan structure that fits your plan.
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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
Tera Taylor
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