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Mortgage Market Update
My Mortgage Company
Jorge Ramirez
Tuesday, October 20, 2026
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Your mortgage payment isn't always fixed |
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One of the best parts of owning a home is knowing what you'll pay each month. But sometimes that number moves—and it's worth understanding why.
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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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Mortgage Basics
Why your monthly payment might change even when rates don't
Most people think their mortgage payment is locked in for life. It usually is—but there are a few exceptions worth knowing about. If you have an adjustable-rate loan, your rate and payment can shift after the fixed period ends. If you pay property taxes and insurance through escrow, changes to those costs will ripple into your monthly bill. And if you're carrying mortgage insurance, paying down your balance enough might let you drop it altogether. Understanding what's actually baked into your payment helps you budget better and spot real opportunities to save. If you'd like to walk through your specific loan and see what might change down the road, I'm here to help.
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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
Jorge Ramirez
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