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Mortgage Market Update
My Mortgage Company
Jim Booher
Tuesday, October 20, 2026
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When rates shift, so do your choices |
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Hi there. The mortgage world moves fast, and I want to help you make sense of it.
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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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Rates & Affordability
When rates drop, your options multiply
Rate movements affect more than just your monthly payment—they reshape what you can actually afford and what options make sense for your situation. When rates move lower, that breathing room in your budget opens up possibilities: maybe a refinance starts to pencil out, or you can afford to move into a home you've had your eye on. When rates move higher, it's a signal to think strategically about locking in now versus waiting. The key is understanding how these shifts apply to your specific loan and timeline. That's where a conversation helps. I can walk you through what's realistic for you right now, no pressure—just clarity on your options. Let's talk about what rate movement means for your situation.
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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
Jim Booher
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