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Mortgage Market Update
Mark Succarotte
The Succarotte Team
Tuesday, October 20, 2026
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Your loan type explained |
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Hi there—this week I want to make sure you really know your mortgage.
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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
I talk to borrowers who've been paying their loan for years without fully understanding how it works. Maybe you locked in a fixed rate, or you're on an adjustable one. Perhaps you have a shorter timeline to pay it off, or you're in it for the long haul. Each program has real trade-offs—and knowing yours helps you make smarter decisions down the road, whether that's refinancing, paying extra toward principal, or just sleeping better at night. If you're unsure what you're actually carrying, that's totally normal. I'm happy to walk through your loan structure and explain what it means for your wallet and your future. Let's chat about what your mortgage is built to do.
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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 Mark Succarotte team any time and we'll walk you through your options. |
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