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Mortgage Market Update
Michael Hutchinson
U Financial Services
Tuesday, October 20, 2026
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What kind of mortgage fits you? |
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Hi there. This week I want to talk about something that affects your whole borrowing experience: the type of loan you choose.
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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 Guide
Which mortgage option fits your life right now?
When you're ready to buy or refinance, the loan program you choose matters as much as the rate itself. Fixed-rate mortgages offer predictability—your payment stays the same for the life of the loan. Adjustable-rate mortgages may start lower but change over time. Government-backed programs like FHA or VA loans have different requirements and benefits. Some borrowers benefit from longer loan terms; others prefer to pay off faster. The right choice depends on your timeline, how long you plan to stay in the home, and your comfort with how payments might change. I'd like to help you understand which option aligns with your goals and budget. Let's talk through your options—reach out when you're ready to explore what works best 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 Michael Hutchinson team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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Michael Hutchinson
U Financial Services
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