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Mortgage Market Update
My Mortgage Company
David Schindel
Tuesday, October 20, 2026
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The mortgage program question nobody asks |
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Hi there. This week I want to talk about something that often gets overlooked when people are looking at mortgages.
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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
Not all mortgages are built the same
When you're shopping for a mortgage, the interest rate gets most of the attention—but the loan program you choose matters just as much. Different programs have different rules around down payments, credit requirements, how much you can borrow, and what costs you'll pay upfront. Some programs work great for first-time buyers. Others are built for people with lots of equity. Some give you flexibility if your income changes. The right program isn't always the one with the lowest rate; it's the one that actually fits your life and your plan. That's why I always recommend talking through your full situation before deciding. I'd love to help you figure out which program makes the most sense for you. Let's talk about which loan program fits your goals—reach out anytime.
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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
David Schindel
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