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Mortgage Market Update
My Mortgage Company
TEAM MEDINA LLC
Tuesday, October 20, 2026
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Not all mortgages are created equal |
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Hi there — I'm sharing something I see come up in almost every conversation with borrowers.
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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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Loan Program Options
Why your loan type matters more than you think
Most people focus on interest rates when they're looking at mortgages, but the loan program itself — conventional, FHA, VA, or USDA — shapes your entire borrowing experience. Each program has different requirements for down payment, credit score, and how much house you can afford. Some work better if you're buying your first home; others make sense if you have a VA background or you're buying in a rural area. The right program for you depends on your situation, not on which one sounds familiar. I'd encourage you to think about which program actually fits your circumstances. Let's talk through your options so you know you're on the best path. Reach out if you'd like to explore which loan program makes the most sense for where you are right now.
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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
TEAM MEDINA LLC
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