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Mortgage Market Update
My Mortgage Company
Justin Greenberg
Tuesday, October 20, 2026
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Why your rate isn't everyone else's rate |
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I get asked a lot about rates—especially when someone hears their friend got something different. Here's what's really going on.
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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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Rate Movement
Why your neighbor's rate might differ from yours
When rates move, they don't move the same way for everyone. Your credit score, down payment size, loan type, and even the property itself all factor into the rate you're offered. Two people applying on the same day can walk away with different numbers—and that's normal. Understanding what influences your personal rate helps you make smarter decisions about timing, whether you're buying now or thinking about refinancing later. If you've wondered why someone else's deal looked different from yours, or you want to know what might improve your own rate, I'm here to walk you through it. Let's talk about what rate environment you're in and what moves might work 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
Justin Greenberg
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