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Mortgage Market Update
My Mortgage Company
Brent Powell
Tuesday, October 20, 2026
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Which mortgage type is right for you? |
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Every homeowner's situation is different, and so are the tools available to finance a home.
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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
Not all mortgages work the same way
If you've been shopping around or just curious about your options, you've probably heard terms like fixed-rate, ARM, FHA, or conventional thrown around. The truth is, different loan programs are built for different situations. A program that's perfect for someone planning to stay in their home for decades might not suit someone who expects to move in five years. The same goes for down payment size, credit profile, and how you want your payment to behave over time. Understanding which program aligns with your actual plan—not just the lowest payment—is what separates a good mortgage decision from a stressful one. I'd love to walk you through what's available and what makes sense for your specific situation. Let's talk about which loan program fits your goals.
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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
Brent Powell
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