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Mortgage Market Update
My Mortgage Company
Jesseca Hendricks
Tuesday, October 20, 2026
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Why your friend's mortgage rate isn't yours |
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Every borrower's situation is unique, and that shapes what's available to you. Here's what that means in practice.
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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
Why your neighbor's mortgage deal might not be yours
I talk to homeowners all the time who hear about a friend's rate or program and think they should qualify for the same thing. The truth is, your mortgage options depend on specifics: your credit profile, how much equity you have, your income situation, the property itself, and what you're trying to do. One person might have access to a streamlined refinance program that another doesn't. A first-time buyer and a move-up buyer often see completely different loan choices. Even two people with similar finances might land in different programs based on timing or loan amount. This is why a real conversation with me matters more than comparing notes at a dinner party. Let's talk about what actually works for your situation. Reach out and we'll walk through the programs that make sense 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
Jesseca Hendricks
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