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Mortgage Market Update
My Mortgage Company
Robert Gleich
Tuesday, October 20, 2026
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Which mortgage type is right for you? |
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Not every mortgage is built the same way. Here's what you should know about how different loan programs actually work.
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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
If you've been shopping around or talking to different lenders, you might notice they're offering you different loan options—fixed-rate, adjustable-rate, FHA, conventional, and more. Each one has its own rhythm and works differently depending on your situation. A fixed-rate mortgage keeps the same payment for the life of the loan. An adjustable-rate mortgage might start lower but can change over time. Government-backed programs like FHA or VA loans have their own rules and benefits. The right choice isn't about which one sounds fanciest—it's about which one actually fits how long you plan to stay in the home and what your budget needs to look like. I'd love to walk you through the real differences and find out which program makes the most sense for you. Let's talk about which loan program might work best 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
Robert Gleich
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