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Mortgage Market Update
Abiel Sanchez
Abiel Sanchez
Tuesday, October 20, 2026
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Your rate affects way more than your payment |
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One number on your mortgage statement does more work than almost any other—and it's worth understanding why.
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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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Smart Money
Why your interest rate matters more than you think
Your interest rate isn't just a number on your loan document—it shapes your entire borrowing life. A higher rate means bigger monthly payments, more interest paid over time, and less of your payment going toward building equity. The opposite is true too: even a small difference in your rate can add up to tens of thousands of dollars over the life of your loan. That's why shopping for the best rate available to you, understanding what programs you qualify for, and staying aware of how rate movements affect your options are all worthwhile habits. If you've been thinking about your loan but haven't checked in on where rates stand or what you might be eligible for lately, this week is a good time to reconnect. Let's talk about what your rate situation looks like and what might make sense 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 Abiel Sanchez team any time and we'll walk you through your options. |
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