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Tuesday, October 20, 2026 |
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Mortgage Market Update
Do you know what kind of mortgage you have?
Hi—I've been thinking about how much a single choice at the start can shape the entire loan. This week, let's talk about loan programs and why it matters.
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National Mortgage Rates · October 16, 2026
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Conventional 30-Year
7.03%
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Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
Rates shown are national mortgage index rates plus our pricing adjustment, 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
Your loan type matters more than you think
Not all mortgages work the same way, and the one you choose affects way more than just your interest rate. Some loans let you put down less upfront. Others lock in your payment for life, while some adjust over time. Your credit score, down payment, and how long you plan to stay in the home all point toward which type makes the most sense for your situation. If you got your mortgage years ago, you might not even know what program you're in—or whether a different one could work better for you now. The right fit saves money and stress. I'd love to walk you through what's available and what actually makes sense for where you are today.
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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 Jake Kornberg team any time and we'll walk you through your options.
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5060 Baker Rd Minnetonka, MN. 55345
612-396-0227
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