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Mortgage Market Update
Michael Radcliffe
The Rad CRM
Tuesday, October 20, 2026
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Your budget vs. the market right now |
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I talk to a lot of people who feel like homeownership is just out of reach. It doesn't always have to be.
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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 Reality
When your budget and the market don't line up
It's frustrating: you know what you want to spend on a home, but what's actually available feels out of reach. Here's what I tell people in this spot—affordability isn't just about the interest rate you get (though that matters). It's also about loan structure, down payment strategy, and sometimes timing. If you're stretched thin on monthly payments, we might explore different loan types or terms that fit your actual situation better. If rates are the issue, it could make sense to wait or lock in now, depending on where things stand. The point is, there's often more than one way to make a home work for your finances—you just need someone to walk through the real options with you. Let's talk about what's actually possible for your situation.
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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 Michael Radcliffe team any time and we'll walk you through your options. |
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