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Mortgage Market Update
My Mortgage Company
One Real Mortgage's Account
Tuesday, October 20, 2026
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What type of loan makes sense for you? |
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Hi there. This week I want to touch on something that doesn't always get enough attention when people are shopping for a mortgage.
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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
Which loan type fits your situation?
Not all mortgages work the same way, and the right choice depends on your timeline, risk comfort, and financial picture. A fixed-rate loan locks in the same payment for the life of the loan — predictable and stable. An adjustable-rate mortgage starts lower but can change after a set period. Government-backed programs like FHA or VA loans have different requirements and benefits. Some borrowers benefit from shorter loan terms; others need the flexibility of a longer one. The loan type you choose affects not just your monthly payment, but how much interest you pay over time and how your finances adapt if life changes. Understanding your options helps you make a decision you'll feel confident about for years to come. If you'd like to talk through which loan structure makes sense for your goals, I'm here to walk you through it.
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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
One Real Mortgage's Account
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