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Mortgage Market Update
Rob luliucci Rob luliucci
Rob luliucci
Tuesday, October 20, 2026
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Why your car payment matters for your home |
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Not all debt is treated equally when it comes to getting a mortgage. Let me explain what lenders care about most.
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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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Debt Management
Your other debts affect your mortgage power
When you apply for a mortgage, lenders look at more than just your down payment and credit score. They examine all your existing debt—car loans, credit cards, student loans, personal loans—because those monthly payments reduce how much house you can afford. It's called your debt-to-income ratio, and it's one of the biggest factors lenders use to decide your approval and your rate. If you're thinking about buying or refinancing soon, paying down other debts before you apply can open up real options. Even small reductions in car payments or credit card balances can shift what's possible for your home loan. If you're curious where you stand, I'm happy to talk through your full financial picture.
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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 Rob luliucci Rob luliucci team any time and we'll walk you through your options. |
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