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Mortgage Market Update
Omar Navarro
Omar Navarro
Tuesday, October 20, 2026
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Your mortgage might be more flexible than you realize |
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Most people think their home loan is set in stone. But depending on how you borrowed and what's happened since, there might be more room to move than you'd expect.
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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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Affordability Check
Your home payment might stretch further than you think
A lot of people assume their mortgage payment is fixed and untouchable—but that's not always how it works. If you have an adjustable-rate loan, your payment can change. If you refinanced years ago, your rate might be higher than what's available now. And if you've built equity through payments or home value growth, you may have options you didn't know about. The point: your current situation isn't necessarily your permanent one. A conversation about where you stand—your rate, your balance, your equity—can uncover real opportunities to improve your cash flow or lock in stability. It's worth a conversation, no pressure. I'd be happy to walk through what your numbers actually look like right now.
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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 Omar Navarro team any time and we'll walk you through your options. |
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