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Mortgage Market Update
Pia Harriman
Pia Harriman
Tuesday, October 20, 2026
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When your payment might shift |
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It's natural to wonder how changes in the market affect the money you owe each month. Let me explain what you should know.
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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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Smart Money
Why your mortgage payment might feel different soon
If you have an adjustable-rate mortgage or a coming rate adjustment, you've probably wondered what happens next. When market rates move, your payment can move with it—sometimes up, sometimes down, depending on your loan type and where we are in the rate cycle. Understanding what triggers a change and when to expect it gives you time to plan ahead instead of being surprised. The good news: if you know your loan terms and stay in touch with me, there are usually options to explore before any adjustment hits. I'm here to walk you through what's coming and talk through whether a change makes sense for your situation. Reach out if you'd like a quick review of your mortgage terms and what to expect.
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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 Pia Harriman team any time and we'll walk you through your options. |
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