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Mortgage Market Update
TJ Gray
TJ Gray
Tuesday, October 20, 2026
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Not all mortgages are the same |
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One of the biggest mistakes I see is borrowers choosing a mortgage because it's what their friend or family member used. The truth is more nuanced than that.
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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
Why your neighbor's mortgage might not work for you
Not all mortgages are created equal—and what worked perfectly for someone else might not be the best fit for your situation. Some loans reward a larger down payment. Others let you build equity faster. Some come with flexibility if life changes; others lock everything in place. The right program depends on your income, credit, timeline, and how long you plan to stay in your home. It's easy to assume everyone uses the same kind of loan, but the truth is there are meaningful differences in how they work. I'd be happy to walk you through which options actually match your goals, not just copy what worked for someone else. Let's find out which loan program makes the most sense for where you are right now.
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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 TJ Gray team any time and we'll walk you through your options. |
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