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Mortgage Market Update
My Mortgage Company
Josh Deutsch — Josh Deutsch
Tuesday, October 20, 2026
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Your buying power might have changed |
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Hi there. I wanted to touch base about something that affects most of my clients but doesn't always get the attention it deserves.
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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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Affordability Check
Your budget may have room you didn't know about
When rates move, most people think about their monthly payment going up or down. What gets overlooked is how a shift in rates can actually change what you can afford to borrow in the first place. If rates have dropped, you might qualify for a larger loan at the same monthly payment you were comfortable with before. If rates have risen, you may want to revisit what you're looking to borrow. Either way, your financial picture can shift without you realizing it. It's worth a conversation to see where you actually stand right now—not just with rates, but with what makes sense for your situation. Let me run a fresh affordability check for you based on where things stand today.
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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
Josh Deutsch — Josh Deutsch
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