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Mortgage Market Update
My Mortgage Company
Kaleb Melville — Kaleb Melville
Tuesday, October 20, 2026
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Finding the right loan type for you |
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There's more to choosing a mortgage than picking the lowest rate. This week, let's talk about the different loan programs available and why the fit matters.
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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 are built the same
When you're shopping for a mortgage, the interest rate gets most of the attention—but the type of loan you choose matters just as much. Different programs have different rules about down payments, credit requirements, how long you have to repay, and what protections they offer. A loan that works perfectly for one borrower might not be right for another. The right fit depends on your situation: how long you plan to stay in the home, how much you can put down, your income stability, and your comfort level with different payment structures. Understanding your options means you're not just picking a rate—you're picking a loan that actually works for your life. If you'd like to explore which program might be the best match for your circumstances, I'm here to walk through them with you.
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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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