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Mortgage Market Update
My Mortgage Company
Jeremy Coccimiglio
Tuesday, October 20, 2026
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What type of mortgage do you have? |
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Hi there. This week I want to cover something fundamental that often gets overlooked: understanding the actual loan you're in.
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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
What loan type are you actually in?
Most homeowners know their interest rate, but far fewer understand the loan program underneath it—and that matters. Are you in a fixed-rate mortgage, an adjustable-rate loan, or something else? Your loan type shapes your payment stability, your refinancing options down the road, and how rate movements affect your wallet. If you're unsure what you have, pull up your closing documents or give me a call—I can walk you through it in minutes. Knowing your loan structure helps you make smarter decisions about your home and your finances. Reach out if you'd like clarity on your current loan or want to explore what might work better for your situation.
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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
Jeremy Coccimiglio
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