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Mortgage Market Update
My Mortgage Company
Brandon Bailey
Tuesday, October 20, 2026
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What refinancing could do for your mortgage |
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Rates are always moving, and sometimes that movement works in your favor. Here's what you should know about refinancing and whether it makes sense for you.
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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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Refinancing Strategy
When your rate has room to drop
If you locked in your mortgage a while back, rates moving lower can mean real money back in your pocket. A refinance lets you replace your current loan with a new one at better terms — which could lower your monthly payment, shorten your loan, or both. The catch is that refinancing has costs, so it only makes sense when the math works out in your favor. That's where a rate comparison comes in. We can show you whether refinancing makes financial sense for your situation right now, and what your new payment might look like. If rates have shifted since you bought or last refinanced, it's worth a conversation. Reach out and we can run the numbers together.
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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
Brandon Bailey
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