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Mortgage Market Update
Jody Canfield
Jody Canfield
Tuesday, October 20, 2026
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Picking the right mortgage for your goals |
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Hi there. A lot of folks assume all mortgages work the same way—but they don't.
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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
Which mortgage program actually fits your life
Not every loan works the same way, and not every loan works for every borrower. Some people benefit from fixed rates that never change. Others do better with adjustable options that start lower. Some qualify for government-backed programs; others have choices there that save them money. The right choice depends on how long you plan to stay in your home, your comfort with payment changes, and what you can qualify for right now. That's why it's worth a real conversation about your specific situation—not a generic answer. If you've been thinking about buying, refinancing, or just curious how your current loan stacks up, I'd like to walk through the options that make sense for you. Let's talk through which program might work best 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 Jody Canfield team any time and we'll walk you through your options. |
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