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Mortgage Market Update
My Mortgage Company
Jose Treto
Tuesday, October 20, 2026
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What rising (or falling) rates mean for you |
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Hi there. This week I want to clear up something I hear questions about all the time.
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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
What happens to your payment when rates change
When interest rates move—whether up or down—a lot of homeowners wonder what it means for them. If you have a fixed-rate mortgage, your payment stays the same. But if you're in the market to buy or thinking about refinancing, rate changes directly affect what you can afford. A higher rate means a larger monthly payment on the same loan amount; a lower rate works in your favor. Understanding this relationship helps you make smarter decisions about timing and how much house makes sense for your budget. The key is knowing where you stand and what your options actually are. Let me walk you through what rate movement means for your specific 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
Jose Treto
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