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Mortgage Market Update
My Mortgage Company
Janice Carroll
Tuesday, October 20, 2026
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One mortgage type won't work for everyone |
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Hello. I wanted to touch on something I see come up often: the assumption that one loan program fits all situations.
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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 Program Fit
Why your neighbor's mortgage might not work for you
One of the biggest mistakes I see is borrowers choosing a loan type because it worked for someone else—a friend, a family member, even a coworker. But the right mortgage for you depends on your specific situation: how long you plan to stay, your risk tolerance, your income stability, and your financial goals over the next few years. A fixed-rate loan offers predictability. An adjustable option might lower your initial payment. A portfolio program might work if you have unique circumstances. There's no universal "best" choice. The best one is the one that fits your life. If you're unsure which direction makes sense, I'm here to walk through your options and explain how each one would actually affect you. Let's talk about which loan program aligns with your goals.
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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
Janice Carroll
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