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Mortgage Market Update
My Mortgage Company
Justin Hill
Tuesday, October 20, 2026
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Which mortgage program fits your situation |
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Hi there. This week I want to cover something that doesn't get talked about enough: the type of loan you choose matters just as much as the rate.
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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
What type of loan makes sense for you
Not all mortgages are the same, and the right loan program depends on your situation. Some borrowers benefit from fixed rates that lock in predictability. Others may find adjustable or specialized programs worth considering based on their timeline and comfort level. The program you choose affects your monthly payment, total interest paid over time, and flexibility down the road. Understanding what's available — and what aligns with your goals — is one of the smartest moves you can make before applying or refinancing. Let's talk about which structure fits your plan. Reach out and we can walk through which loan 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
Justin Hill
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