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Mortgage Market Update
My Mortgage Company
Miguel Morales
Tuesday, October 20, 2026
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Does your mortgage still fit your life? |
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Your circumstances change, and your mortgage strategy should too. Here's what I'm seeing with borrowers right now.
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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
When your budget needs a reality check
Life changes fast. A job shift, a growing family, an unexpected expense — and suddenly your mortgage feels tighter than it did before. If you're wondering whether your current loan still makes sense for your situation, that's worth exploring. You might have options: refinancing to a different term, pulling equity you've built for a financial cushion, or simply understanding your numbers better so you can plan ahead. The goal isn't to panic — it's to stay in control. I've helped plenty of borrowers get clarity on what's actually doable for their household right now, and sometimes just having that conversation opens up paths they didn't know existed. Let's talk through where you stand and what might work for your family.
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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
Miguel Morales
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