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Mortgage Market Update
My Mortgage Company
John Schaff
Tuesday, October 20, 2026
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What your credit score really changes |
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One of the most common questions I hear is about credit—what it affects, how to improve it, and whether it's worth the effort. Here's what matters.
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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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Debt & Borrowing
Your credit score and your mortgage rate
Your credit score is one of the first things lenders look at—and for good reason. It tells us how you've managed debt in the past, which helps predict how you'll handle a mortgage in the future. A stronger credit profile often means better loan terms are available to you. If your score has improved since you last borrowed, that's worth revisiting. If it's taken a hit, understanding why and working to rebuild it can open better options down the road. Either way, it's not something you need to figure out alone. I can help you understand where you stand and what moves might make sense for your situation. Let's talk about your credit profile and what it means for your borrowing power.
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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
John Schaff
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