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Mortgage Market Update
My Mortgage Company
Kaleb Melville — Kaleb Melville
Tuesday, October 20, 2026
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Picking the right loan type for you |
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There's more to a mortgage than the rate you'll pay. The loan program itself—how it works, what it requires, how it behaves over time—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
Why your loan type matters more than you think
Most people focus on interest rates when they're shopping for a mortgage, but the type of loan you choose shapes your entire borrowing experience. Fixed-rate mortgages give you payment stability—your rate and payment never change. Adjustable-rate loans might start lower but can shift over time. Some programs require less down, others ask for more upfront but offer different flexibility. Government-backed loans work differently than conventional ones. The right choice depends on how long you plan to stay in your home, how comfortable you are with payment changes, and what fits your financial picture right now. I'm happy to walk you through which programs make sense for your situation. Let's talk about which loan program fits your goals—reach out whenever you're ready.
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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
Kaleb Melville — Kaleb Melville
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