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Mortgage Market Update
My Mortgage Company
Shelly Molina
Tuesday, October 20, 2026
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Picking the right type of mortgage |
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Hi there. One of the most important decisions in borrowing happens before you even lock in a rate—and it's often overlooked.
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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 type matters more than you think
Most borrowers focus on interest rates, but the loan program itself shapes your entire borrowing experience. Fixed-rate mortgages offer payment stability and peace of mind. Adjustable-rate loans may start lower but carry future uncertainty. Government-backed programs like FHA or VA loans have different rules, down payment requirements, and long-term costs than conventional mortgages. Choosing the right program means picking one that actually fits your timeline, risk tolerance, and financial goals—not just the one with the lowest initial number. If you're unsure which program makes sense for your situation, I'd love to walk you through the trade-offs. Let's talk about which loan program is the right fit 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
Shelly Molina
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