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Mortgage Market Update
My Mortgage Company
Javier Martinez's Account
Tuesday, October 20, 2026
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Which loan type is right for you? |
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Every mortgage isn't built the same—and that matters more than you might think. This week I want to talk about picking the right loan structure for your situation.
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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
Not all mortgages work the same way
One of the most overlooked decisions when you're financing a home is which type of loan actually fits your situation. Fixed-rate mortgages lock in your payment forever—great if you plan to stay put. Adjustable-rate loans start lower but change over time. Government-backed programs like FHA or VA loans have their own rules and benefits. The right choice depends on your timeline, risk tolerance, and how long you think you'll keep the house. Too many borrowers pick a loan type because it sounds familiar, not because it's the best match for their life. I'd rather spend time understanding your goals upfront than see you stuck in the wrong product. Let's talk about what makes sense for you. Reach out if you'd like to walk through which loan type fits your plans.
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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
Javier Martinez's Account
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