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Mortgage Market Update
My Mortgage Company
Carrie Nicholsky
Tuesday, October 20, 2026
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Picking the right loan type for you |
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There's more to choosing a mortgage than finding the lowest rate. This week, I'm breaking down why the loan program itself deserves real thought.
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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 loan option matters more than you think
Not all mortgages are created equal. The loan program you choose—whether it's a conventional loan, FHA, VA, or something else—shapes your monthly payment, upfront costs, and long-term flexibility in ways that go beyond just the interest rate. Some programs let you put down less money. Others offer built-in protections or faster paths to removing mortgage insurance. And some work better if you plan to stay in your home for decades, while others make sense if you might move in five years. The right choice depends on your situation, your timeline, and your comfort level. I'd love to walk you through what's available and which programs align with your goals. Let's talk about which loan program fits your plan best.
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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
Carrie Nicholsky
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