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Mortgage Market Update
My Mortgage Company
Amanda Keeland
Tuesday, October 20, 2026
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Rate changes and what they mean for you |
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Every week I see borrowers surprised by how much the numbers shift when rates move. Here's what you should know.
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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 & Payment
When rates move, your payment math changes
A lot of people don't realize how directly interest rates affect what you actually pay each month. When rates shift, even by a small amount, your monthly payment can go up or down noticeably—and over the life of a loan, that adds up fast. The same home can feel affordable or out of reach depending on where rates land. That's why it's worth checking in regularly, especially if you've been thinking about buying or refinancing. A conversation about where rates are now versus when you started looking can open up options you might not have considered. Let's talk about what your payment could look like with today's rates.
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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
Amanda Keeland
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