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Mortgage Market Update
My Mortgage Company
Lynn Berry — Ryan Berry
Tuesday, October 20, 2026
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Picking the right loan program matters |
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Every week I help borrowers sort through their options. This week I want to remind you about something that often gets overlooked.
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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
When you're shopping for a mortgage or thinking about refinancing, the interest rate gets most of the attention—but the loan program itself matters just as much. A fixed-rate mortgage behaves completely differently from an adjustable one. Some programs let you build equity faster. Others offer flexibility if your situation changes. Government-backed loans have different rules than conventional ones. The right choice depends on your timeline, risk tolerance, and what you're trying to achieve. That's why I always encourage people to understand their options before locking anything in. The loan program you pick shapes your entire borrowing experience. Let's talk about which program might fit your goals 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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