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Mortgage Market Update
My Mortgage Company
Shakelia LeBlanc
Tuesday, October 20, 2026
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What's actually in your closing costs? |
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I get a lot of questions about closing costs—what they are, why they exist, and whether they can be lower. Here's what every borrower should 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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Closing Costs
What you're actually paying at closing
Closing costs surprise a lot of people. They're separate from your down payment and cover things like appraisals, title work, inspections, and lender fees—and they add up fast. The good news: you have choices. Some costs are negotiable, others can be rolled into your loan, and some programs let you cover them differently. Understanding what's in that closing disclosure before you sign makes a real difference. It also helps you budget accurately and compare offers fairly. I'm happy to walk you through your specific costs and explore options that work for your situation. Let's review your closing numbers so there are no surprises.
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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
Shakelia LeBlanc
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