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Mortgage Market Update
My Mortgage Company
Forrest Gump
Tuesday, October 20, 2026
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Which mortgage type fits your plan? |
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There's a lot of talk about interest rates, but your loan program matters just as much. Here's what you need to know.
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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
Which loan program is right for your situation?
Not all mortgages are the same, and the right loan for your neighbor might not be the right one for you. Some programs work better if you're planning to stay put for decades. Others make sense if you think you'll move or refinance sooner. Some require a larger down payment but offer better long-term terms. Others let you put down less upfront. The best choice depends on your timeline, how much you have to put down, your credit profile, and what you're comfortable with month to month. If you're not sure which program fits your goals, I'd like to walk through your situation and help you see which option makes the most sense. Let's talk about which loan program works 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
Forrest Gump
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