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Mortgage Market Update
My Mortgage Company
Andrew Malm
Tuesday, October 20, 2026
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Why your mortgage rate is worth a closer look |
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Your interest rate touches everything about your mortgage. This week, let's talk about why it deserves your attention.
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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 interest rate matters more than you think
Your interest rate is more than just a number on your loan document—it's the single biggest factor in what you actually pay each month and over the life of your loan. Even small rate differences add up significantly over 15, 20, or 30 years. That's why it's worth understanding how rates work, what influences them, and whether your current rate still makes sense for your situation. If you haven't reviewed your mortgage in a while, or you're considering a purchase, it's a good time to see where rates stand and what they mean for your budget. I'm here to walk you through it without any pressure—just clarity. Let's talk about your rate and what it means for you.
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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
Andrew Malm
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