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Mortgage Market Update
My Mortgage Company
My Home Mortgage Pros
Tuesday, October 20, 2026
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What could change your mortgage payment |
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Welcome back. This week I'm walking through one of the questions I hear most often from borrowers: what actually affects your monthly payment over 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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Payment Planning
Why your mortgage payment might feel different soon
If you're on an adjustable-rate loan or your property tax assessment just came back, your monthly payment could shift. Even fixed-rate borrowers sometimes see changes when insurance premiums or tax bills adjust. Understanding what makes your payment move—and what stays locked in—helps you budget with confidence. The good news is that knowing these moving parts ahead of time means no surprises. If you'd like to walk through your specific loan and what might change down the road, I'm here to explain it clearly. Reach out anytime if you want to talk through your payment 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 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
My Home Mortgage Pros
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