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Mortgage Market Update
My Mortgage Company
Janine Baeza
Tuesday, October 20, 2026
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When your mortgage payment changes |
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I'm sharing something I see confuse homeowners pretty often. Your monthly payment can move for reasons that have nothing to do with interest rates.
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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 payment might change even if rates don't
Most people think their mortgage payment stays the same for the life of the loan. But if you have an adjustable-rate mortgage or if your escrow account is recalculated annually, your payment can shift. Property taxes go up, insurance premiums change, and property tax assessments happen—all of which can affect what you owe each month, even if your interest rate is locked in. Understanding what's baked into your payment helps you budget better and spot changes before they hit your account. If you're not sure whether your rate is fixed or adjustable, or if you're wondering why a payment changed, that's worth a conversation. Let's walk through your loan details so you know exactly what to expect.
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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
Janine Baeza
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