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Mortgage Market Update
My Mortgage Company
FullyScale Sandbox
Tuesday, October 20, 2026
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Your budget is more flexible than you think |
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Hi there. Some of the best lending moves come from knowing you have more options than you realized.
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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 rates rise, your budget doesn't have to shrink
A lot of people think that higher rates automatically mean they can afford less house. That's not entirely true. While rates do affect your monthly payment, there are real moves you can make to keep your purchasing power intact—or even grow it. Putting down a larger down payment, extending your loan term, or exploring different loan programs can all shift what becomes possible for you. The key is understanding which levers matter most to your specific situation. If you're in the market or thinking about your next move, I'd love to walk through what your actual options are right now. Let's talk about what you can really afford in today's market.
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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
FullyScale Sandbox
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