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Mortgage Market Update
My Mortgage Company
Paulina Baque Ramos
Tuesday, October 20, 2026
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Which mortgage type fits you best? |
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Hi there. This week I want to talk about something that doesn't get enough attention: the mortgage program itself, and whether you're in the right one.
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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 Program Fit
Finding the right loan type for your situation
Not all mortgages work the same way, and what's right for one borrower might not suit another. Some people do best with a fixed-rate loan that stays the same for the entire term. Others might benefit from adjustable options, or programs designed for first-time buyers, or loans that let you build equity faster. The key is understanding what you're actually signing up for—not just the monthly payment, but how the loan behaves over time and which features matter most to your life. I'd be happy to walk you through the different options and help you figure out which one fits your goals and comfort level. Let's talk about which loan structure makes the most sense for you.
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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
Paulina Baque Ramos
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