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Mortgage Market Update
My Mortgage Company
John Ludwikoski
Tuesday, October 20, 2026
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What's the difference between loan programs? |
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Hi there. This week I want to talk about something that borrowers sometimes rush through—but shouldn't.
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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
Finding the right loan program for your situation
Not all mortgages are the same, and the program you choose affects more than just your interest rate—it shapes your monthly payment, how much you need to put down, and what flexibility you'll have down the road. Some programs work better if you're planning to stay in your home for decades. Others make sense if you expect your income to grow or if you're buying with a smaller down payment. The right fit depends on your timeline, your comfort level with payment changes, and what matters most to you financially. I'd be happy to walk you through the options that align with your real situation. Let's talk about which loan program might work best for you.
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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 Ludwikoski
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