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Mortgage Market Update
My Mortgage Company
Eric Smart
Tuesday, October 20, 2026
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Are you in the right loan type? |
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Different mortgages work in different ways—and not all of them are right for every borrower.
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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
Why your loan type matters more than you think
Not all mortgages work the same way, and choosing the right one can make a real difference in your financial life. Some loans offer fixed rates that never change. Others have rates that adjust after an initial period, which can lower your payment now but add risk later. Some programs are built for first-time buyers; others reward you for putting down a larger down payment or having strong credit. The right choice depends on your timeline, risk tolerance, and plans for the home. If you're buying, refinancing, or just curious whether your current loan still fits your situation, I'd be happy to walk through what's available and what might work best for you. Let me know if you'd like to discuss which loan structure makes sense for your goals.
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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
Eric Smart
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