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Mortgage Market Update
My Mortgage Company
Nicole Farmer
Tuesday, October 20, 2026
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Picking the right loan type matters |
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Hello, I wanted to share something I see borrowers overlook all the time. Your mortgage is one of the biggest financial decisions you'll make, and the loan program you choose deserves real thought.
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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 Programs
Why your loan choice matters more than you think
When you're shopping for a mortgage, it's easy to focus only on the rate. But the type of loan you choose—fixed vs. adjustable, conventional vs. government-backed, or the length of your term—shapes your entire financial picture. Different programs offer different protections, flexibility, and long-term costs. Some work better if you plan to stay in your home for decades; others make sense if you think you might move or refinance down the road. The right fit depends on your goals, timeline, and comfort level with change. I'd be happy to walk you through what each option actually means for your situation. Let's talk about which loan program fits your plan.
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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
Nicole Farmer
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