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Mortgage Market Update
My Mortgage Company
Brandon Shelton
Tuesday, October 20, 2026
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Finding the right loan type for you |
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Every borrower's path looks a little different. This week, let's talk about choosing a mortgage that actually fits your life.
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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 actually fits your situation?
Not all mortgages are created equal, and the right fit depends on your timeline, finances, and risk tolerance. A fixed-rate loan locks in stability for the life of your mortgage—predictable payments, no surprises. An adjustable-rate mortgage might start lower but can change over time. Government-backed programs like FHA, VA, or USDA have their own strengths depending on your down payment, credit, or location. The wrong choice can cost you comfort or money; the right one aligns with how you actually live and plan ahead. I'd love to walk you through what makes sense for your unique situation. Let's find the loan program that works for your goals.
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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
Brandon Shelton
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