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Mortgage Market Update
My Mortgage Company
Barrett Marketing
Tuesday, October 20, 2026
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Picking the right mortgage type for you |
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One of the most important decisions in getting a mortgage isn't always obvious at first glance. The type of loan you choose can shape your finances for years to come.
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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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Mortgage Basics
Why your loan type matters more than you think
Not all mortgages work the same way, and picking the right one for your situation can make a real difference over time. Some loans lock in your rate and payment for the entire loan term, giving you predictability and peace of mind. Others start lower but can adjust, which might make sense if you plan to move or refinance down the road. Then there are programs designed for specific situations — like if you're a first-time buyer, a veteran, or working with a smaller down payment. The key is matching your loan to your actual plans and comfort level with risk, not just chasing the lowest number you see today. I'd love to walk you through what's available and what might fit best for where you are right now. Let's talk about which loan type makes the most sense for 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
Barrett Marketing
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