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Mortgage Market Update
My Mortgage Company
Envision Lending
Tuesday, October 20, 2026
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Rate moves and what they mean for you |
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Rates don't stay still, and neither do your circumstances. Here's a practical way to think about it.
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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
When your payment climbs, here's what to consider
If rates have moved since you locked in your mortgage, you might be wondering what that means for your next steps—whether that's refinancing, buying again, or just staying the course. The truth is, your monthly payment is tied to three things: the loan amount, the interest rate, and how long you have to pay it back. When rates shift, it changes what new borrowers qualify for and what they'll pay. If you're thinking about your next move—or just want to understand where you stand—it's worth checking in. I can walk you through how rate changes affect your options without any pressure or obligation. Let's talk about what 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 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
Envision Lending
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