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Mortgage Market Update
My Mortgage Company
Nick Robertson
Tuesday, October 20, 2026
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Which mortgage type fits your life? |
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Hi there. This week I want to clear up something that confuses a lot of homeowners: the difference between loan programs, and why it actually matters to your budget.
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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
What your loan type really means for your wallet
Not all mortgages work the same way, and the one you choose affects how much you pay over time—and how flexible you are if life changes. A fixed-rate loan keeps your payment steady no matter what happens to market rates. Adjustable-rate programs start lower but can shift later. Government-backed loans (FHA, VA, USDA) have different rules and costs than conventional ones. Length matters too: a 15-year loan builds equity faster but costs more monthly than a 30-year. The right choice depends on your timeline, risk comfort, and financial goals. If you're not sure what you're currently locked into—or whether another program might serve you better—I'd love to walk through your options. There's no one-size-fits-all answer, but there's almost always a fit for your situation. Let's talk about which loan structure makes the most 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
Nick Robertson
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