Mortgage Market Update

My Mortgage Company

Capital Mortgage Source - Salem

Tuesday, October 20, 2026

More than one way to get a mortgage

Every borrower's situation is different, and that's why loan programs exist in the first place. Here's what you should know about your actual options.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

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.

Loan Programs

What loan type is right for your situation?

There's more than one way to borrow for a home—and the right choice depends on your goals, timeline, and financial picture. Conventional loans, FHA, VA, and USDA programs each come with different rules about down payments, credit requirements, and who qualifies. What works for your neighbor might not be the best fit for you. The good news is that understanding your options means you're not locked into one path. If you're buying, refinancing, or just curious about what you actually qualify for, it's worth exploring what's available. I'd be happy to walk you through the differences and help you figure out which program makes the most sense for where you are right now.

Let's talk about which loan program fits your situation best.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.	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).

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Capital Mortgage Source - Salem

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