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Mortgage Market Update
My Mortgage Company
OMG Rentals
Tuesday, October 20, 2026
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Confused about loan types? Let me explain |
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I get questions about loan programs all the time—and I'm glad, because the choice really does matter. Here's a plain-English breakdown.
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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
What your loan options actually mean for you
When you're shopping for a mortgage or thinking about refinancing, you'll hear terms like fixed-rate, adjustable-rate, FHA, and conventional thrown around. It's easy to feel lost in the jargon. Here's what matters: each program has trade-offs. A fixed rate gives you payment stability; an adjustable rate might start lower but can change. Government-backed programs like FHA often have lower down payment requirements; conventional loans may offer different benefits. The right choice depends on your timeline, risk comfort, and financial situation. I'd love to walk you through what makes sense for your specific goals. Let's talk about which loan program fits your needs.
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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
OMG Rentals
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