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Mortgage Market Update
Allen Reynolds
Allen Reynolds
Tuesday, October 20, 2026
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Your mortgage options might be wider than you think |
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Every homebuyer's situation is different, and your mortgage should reflect that. This week I want to talk about loan programs—and why they matter more than most people realize.
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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
Why your neighbor's mortgage might work differently than yours
Not all mortgages are created equal—and that's actually good news. Depending on your situation, you might qualify for a loan program designed to work better for you than a standard conventional mortgage. Some borrowers benefit from programs that require less money down, others from options that work well with variable income, and still others from loans backed by government agencies. The right program can mean a lower payment, fewer hoops to jump through during approval, or the ability to buy sooner than you thought. The catch: you have to know what's available. I'd like to walk you through which programs might make sense for your specific picture and why one choice might outperform another. Let's explore what's actually possible. Give me a call—I can show you what programs you might qualify for and why one could be the right fit.
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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 Allen Reynolds team any time and we'll walk you through your options. |
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