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Mortgage Market Update
My Mortgage Company
Ares Mortgage
Tuesday, October 20, 2026
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Picking the right mortgage for your life |
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Not all mortgages work the same way. Here's why the type you choose matters more than you might think.
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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 loan type actually fits your situation
I talk to a lot of people who think they're locked into one type of mortgage—usually a 30-year fixed. But the right loan depends on your goals, timeline, and comfort level. Some borrowers benefit from shorter terms. Others do better with adjustable rates if they plan to move or refinance. And there are programs designed specifically for first-time buyers, low down payments, or unique situations. The wrong choice can cost you thousands over time. The right one gives you flexibility and breathing room. If you've never sat down to compare what's actually available to you, that conversation is worth having. Let's talk about which program makes the most sense for where you are 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 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
Ares Mortgage
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