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Mortgage Market Update
My Mortgage Company
Matt Vern
Tuesday, October 20, 2026
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Should you lock your rate this week? |
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Timing matters when you're buying or refinancing. This week I want to break down one of the most common decisions borrowers face.
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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
When to lock your rate vs. wait it out
One of the questions I hear most often is whether someone should lock in their interest rate right now or hold off and see what happens. The truth is, there's no crystal ball—but there are some practical ways to think about it. If you're planning to close within the next few weeks, locking gives you peace of mind and protects you against sudden moves. If your timeline is flexible, you have more room to watch and decide. The key is understanding your own situation: how soon you need to close, how comfortable you are with uncertainty, and whether your financial picture might change. Let's talk through what makes sense for you. I'm here to walk you through your options whenever you're ready.
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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
Matt Vern
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