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Mortgage Market Update
Caleb May
Caleb May
Tuesday, October 20, 2026
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Why your rate might differ from others |
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Everyone's mortgage situation is different — and that includes the rate they qualify for. Here's what shapes those differences and why it matters to you.
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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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Loan Programs
Why your neighbor's rate might not match yours
Two people can apply for a mortgage on the same day and end up with different rates. It's not random — it comes down to which loan program fits your situation best. Your credit profile, down payment size, property type, and how long you plan to stay in the home all play a role in which options work for you and what you'll pay. The right program isn't always the flashiest one or the one you heard about from a friend. It's the one built for your specific circumstances. That's why I always recommend a personalized conversation before you decide. Let's look at what's actually available to you. Reach out and we can walk through which programs make sense for your goals.
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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 Caleb May team any time and we'll walk you through your options. |
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