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Mortgage Market Update
My Mortgage Company
test test's Account
Tuesday, October 20, 2026
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What your interest rate really costs you |
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Your mortgage rate is more than just a number—it's a direct line to your long-term costs. This week, let's break down why it deserves your attention.
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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 interest rate matters more than you think
Your interest rate is one of the most important numbers on your loan—it affects not just your monthly payment, but how much total interest you'll pay over the life of your mortgage. Even a small difference in rate can add up to significant money over 15, 20, or 30 years. Understanding how rates work also helps you make smarter decisions: whether to lock in now, wait for movement, or explore refinancing later. The better you understand your rate, the better equipped you are to manage your home loan strategically. I'd love to walk you through how your specific rate fits into your overall financial picture. Reach out anytime if you'd like to talk through your rate and what it means 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
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