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Mortgage Market Update
My Mortgage Company
Kyle Albert
Tuesday, October 20, 2026
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Your mortgage payment is just part of the story |
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There's a lot that goes into what you'll really pay each month. Let me break down what actually matters.
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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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Smart Money
Why your monthly payment isn't the whole story
When you're thinking about a mortgage, it's easy to focus only on the monthly payment. But that number doesn't tell you everything. What you're actually paying depends on your down payment, loan term, interest rate, property taxes, insurance, and whether you're paying mortgage insurance. Two people with the same payment might have completely different loan structures and long-term costs. That's why it helps to look at the full picture before you commit. Understanding all the moving pieces means you can make a choice that works for your actual situation, not just today's number. Let's walk through what your full mortgage costs would actually look like.
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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
Kyle Albert
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