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Mortgage Market Update
My Mortgage Company
Kiernan O'Brien
Tuesday, October 20, 2026
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What's your credit score doing right now? |
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Your credit score is one of the most important numbers in your financial life. Here's why it matters so much when you're buying or refinancing a home.
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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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Credit & Borrowing
Your credit score matters more than you think
When you apply for a mortgage, lenders look at your credit score to decide whether to approve your loan and what terms to offer. A stronger credit profile typically opens doors to better options. If your score has changed since you last looked, it's worth understanding why—and whether there are steps you can take to improve it before you buy or refinance. Small improvements in your credit can have a meaningful effect on the loan programs available to you. I'd be happy to walk you through what lenders see and what it means for your situation. Let's talk about your credit and what might be possible for you.
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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
Kiernan O'Brien
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