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Mortgage Market Update
My Mortgage Company
Steven Carey
Tuesday, October 20, 2026
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The mortgage type matters more than you think |
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Hi there. I wanted to touch base about something borrowers don't always think about upfront—but should.
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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
One of the biggest decisions you'll make isn't about the interest rate—it's about the type of loan itself. A fixed-rate mortgage locks in your payment for the life of the loan. An adjustable-rate mortgage starts lower but can change over time. Some programs let you put down less money upfront. Others reward a larger down payment with better terms. Each path has real trade-offs, and the right choice depends on how long you plan to stay in your home, how comfortable you are with payment changes, and what fits your budget today and tomorrow. Understanding these differences means you're not just getting a mortgage—you're getting one that actually works for your life. Let's talk about which loan structure makes the most sense for your situation.
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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
Steven Carey
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