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Mortgage Market Update
My Mortgage Company
Stephanie Washington — Stephanie Washington
Tuesday, October 20, 2026
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Why your loan type matters more than you think |
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Not all mortgages are built the same. The type you choose shapes your payments, flexibility, and long-term costs.
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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
Not all mortgages work the same way
One of the most important choices you'll make as a borrower is which type of loan fits your situation. A fixed-rate mortgage locks in your payment for the full term—predictable and stable. An adjustable-rate loan might start lower but can change over time. Some programs let you put down less upfront; others reward a larger down payment with better terms. There's no universal "best" choice—it depends on how long you plan to stay, your comfort with payment changes, and what you're trying to accomplish right now. I'm happy to walk through the options that make sense for your goals. Let's talk about which loan structure could work best for what you're trying to do.
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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
Stephanie Washington — Stephanie Washington
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