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Mortgage Market Update
My Mortgage Company
Lynn Berry — Ryan Berry
Tuesday, October 20, 2026
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What type of mortgage makes sense for you |
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When you're shopping for a mortgage, rates grab most of the attention. But the loan program itself—the structure and rules—matters just as much.
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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 work the same way
One of the biggest decisions you'll make isn't just about the interest rate—it's about what type of loan fits your life. Fixed-rate mortgages lock in the same payment for the entire loan. Adjustable-rate mortgages start lower but can change over time. FHA loans help first-time buyers with smaller down payments. VA loans serve military families. Each program has trade-offs, and what makes sense depends on how long you plan to stay, your comfort with payment changes, and what you can afford upfront. Understanding your options means you're not just getting a mortgage—you're getting the right mortgage for where you are right now. I'd be happy to walk through which programs might match your situation best.
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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
Lynn Berry — Ryan Berry
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