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Mortgage Market Update
My Mortgage Company
Mckell Mendenhall
Tuesday, October 20, 2026
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When rates move, your options change |
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Rates don't stay in one place for long. Here's what you should know about how those moves ripple through your mortgage picture.
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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
What changes when rates move
When mortgage rates shift, it affects more than just your monthly payment. A rate change can open or close doors on what you can afford to borrow, which homes are in reach, and whether refinancing makes financial sense for your situation. It's not just about the rate itself—it's about what that rate means for your actual home-buying power and the long-term cost of borrowing. If you haven't checked in on how recent rate movement might affect your options, now's a good time. I'm happy to walk through what's changed and what it means for you. Let's talk about what your numbers look like today.
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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
Mckell Mendenhall
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