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Mortgage Market Update
My Mortgage Company
William Duran- For Deletion
Tuesday, October 20, 2026
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What your loan program really does |
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Most of us focus on the rate, but the type of loan you carry matters just as much. Here's what you need to know.
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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 your loan type actually means for your money
A lot of borrowers know whether they have a fixed or adjustable rate, but aren't sure what that really changes about their monthly life. The truth is simple: your loan program shapes how predictable your payments are and how much flexibility you have down the road. Some programs reward you for staying put; others make sense if you plan to move or refinance. Understanding which one you chose—and why—helps you make smarter decisions about paying extra toward principal, when to refinance, or whether you should lock in rates now. I'm always happy to walk through what you have and whether it still fits your situation. Let's talk about whether your current loan is still working 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
William Duran- For Deletion
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