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Mortgage Market Update
My Mortgage Company
Mortgage Biz
Tuesday, October 20, 2026
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Rate moves hit your monthly payment |
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Hi there. Interest rates and monthly payments are joined at the hip—and it's worth paying attention to how.
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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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Affordability Check
When your rate changes, your budget does too
Interest rates don't stay put, and when they move, your monthly payment moves with them. If you're thinking about buying soon or considering a refinance, it's worth understanding how even a small rate shift changes what you can actually afford. The same house, the same loan amount—but a different rate means a different payment. This matters most if you're close to a budget ceiling or if rates have moved since you last checked your finances. A quick conversation about where rates sit today and what that means for your specific situation can help you make a move with confidence instead of guessing. I'm here to walk you through the real numbers whenever you're ready. Reach out if you'd like to talk through what your budget looks like in today's market.
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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
Mortgage Biz
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