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Mortgage Market Update
sherry kerr
Sherry Kerr
Tuesday, October 20, 2026
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Picking the right mortgage isn't one size fits all |
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Every loan has a different structure, and that structure affects more than just your rate. Here's what borrowers need to know.
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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 Basics
Why your loan type matters more than you think
Not all mortgages work the same way, and choosing between a fixed-rate loan, an adjustable-rate mortgage, or something in between can shape your entire financial picture. The right choice depends on how long you plan to stay in your home, how comfortable you are with payment changes, and what works with your budget today and tomorrow. I've seen borrowers pick a loan program that looked good on paper but didn't match their actual life—and I've seen others find exactly what they needed because they understood their options first. The good news is that you don't have to figure this out alone. Let's talk through which loan program makes 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 sherry kerr team any time and we'll walk you through your options. |
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