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Mortgage Market Update
My Mortgage Company
Tyson Wynia — Tyson Wynia
Tuesday, October 20, 2026
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Why your mortgage bill could shift without a rate change |
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Hi there. I wanted to touch on something that catches a lot of homeowners off guard—escrow movements that change your monthly payment even when rates and your loan stay the same.
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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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Escrow & Taxes
Why your escrow account might change soon
Your lender holds money in escrow to cover property taxes and insurance on your behalf—it's one of those invisible parts of homeownership that works quietly until something shifts. When property values change, tax assessments update, or insurance rates move, your escrow balance can go up or down. A lender review might mean your monthly payment adjusts, even though your loan itself hasn't changed. Understanding escrow helps you spot why your bill looks different and decide whether to make changes, like adjusting your payment plan or taking on taxes and insurance yourself. If you've noticed escrow activity on your statement recently and want to understand what it means for you, I'm here to walk through it. Let me know if you'd like to talk through your escrow account and what changes might be ahead.
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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
Tyson Wynia — Tyson Wynia
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