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Mortgage Market Update
Bruce Gruys
Bruce Gruys
Tuesday, October 20, 2026
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Does your monthly payment still feel right? |
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Your mortgage is probably one of your biggest monthly obligations—so it should feel sustainable and true to your goals. Here's what shifts, and what doesn't.
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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 payment climbs, here's what to know
If you've locked in a rate recently, you're all set. But if you're shopping now or thinking about your next move, it helps to understand how even small shifts in rates affect what you actually pay each month. A rate change can swing your monthly payment in ways that matter to your budget. The good news: there are strategies—adjusting your loan term, putting down more upfront, or exploring different loan programs—that can help you land on a payment that works for your life. The key is knowing your options before you commit. That's where a real conversation comes in handy. Let's talk through what a payment would look like for your situation.
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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 Bruce Gruys team any time and we'll walk you through your options. |
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