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Mortgage Market Update
My Mortgage Company
The Loan Yard
Tuesday, October 20, 2026
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Picking the right loan for your goals |
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Hi there. This week I want to cover something that comes up a lot: borrowers wondering which mortgage program is actually the best fit for them.
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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 Guide
Which loan type makes sense for your situation?
There's no one-size-fits-all mortgage. Depending on where you are—first-time buyer, refinancing an existing loan, or planning a move—different programs work better for different people. Some borrowers benefit from fixed rates for predictability. Others find adjustable options worth considering when the math works. And if you're putting down less than 20%, your choices matter even more. The program you choose affects not just your rate, but your monthly payment, how long you're locked in, and what flexibility you have down the road. I'd be happy to walk through which types are worth exploring based on your goals and timeline. Let's talk about which loan program fits your needs.
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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
The Loan Yard
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