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Mortgage Market Update
My Mortgage Company
Traciana
Tuesday, October 20, 2026
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Why your loan type really matters |
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Every mortgage isn't built the same. Here's what you should know about the choices available to you.
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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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Mortgage Basics
Why your loan type matters more than you think
Not all mortgages work the same way, and the one you choose shapes your finances for years. A fixed-rate loan keeps your payment steady no matter what happens to market rates—that predictability is worth a lot. An adjustable-rate mortgage might start lower but can climb later. Some loans are designed for first-time buyers; others reward those with substantial equity. The right fit depends on your timeline, risk tolerance, and how long you plan to stay in your home. If you're not sure which structure makes sense for your situation, I'd love to walk through your options and show you how each one could play out in your specific case. Let's talk about which loan type aligns best with your goals.
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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
Traciana
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