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Mortgage Market Update
My Mortgage Company
Josh Deutsch — Josh Deutsch
Tuesday, October 20, 2026
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Why your mortgage payment changes |
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Hi there. This week I want to shine a light on something that catches a lot of homeowners off guard—and how to stay ahead of it.
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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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Mortgage Basics
Why your payment might change even if rates don't
A lot of people think their monthly mortgage payment is locked in stone once they close—but there are a few things that can shift it over time, even when interest rates stay the same. Property taxes can go up. Insurance premiums change. If you put down less than 20%, your mortgage insurance may adjust. And if you've built significant equity, you might have options to drop PMI altogether. Understanding what's actually in that payment helps you spot changes early and plan ahead. If you've noticed your payment creeping up or you're wondering what's driving it, I'd be happy to walk through your statement with you. Let's talk about what's really baked into your payment.
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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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