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Mortgage Market Update
My Mortgage Company
Annie Waneck — Annie Waneck
Tuesday, October 20, 2026
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Which loan type are you actually using? |
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Hi there. Every week I work with borrowers who are surprised to learn how much their loan structure affects their long-term picture.
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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 Program Fit
Your loan type shapes your future more than you think
When you're looking at a mortgage, the interest rate gets all the attention. But here's what I see happen repeatedly: borrowers focus so hard on today's rate that they overlook which loan program actually fits their life. A fixed-rate loan means predictability—your payment never changes. An adjustable-rate mortgage might start lower but can shift over time. FHA loans work great for lower down payments. Conventional loans reward good credit with better terms. There's no universal "best" choice. The right loan depends on how long you plan to stay in your home, how your income might change, and how much payment certainty matters to you. That's worth a real conversation. I'd love to walk through what makes sense for your situation. Give me a call—let's talk about which loan program aligns with 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
Annie Waneck — Annie Waneck
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