Joseph Cowart — Joseph Cowart · October 20, 2026

Mortgage programs aren't one-size-fits-all

Mortgage Market Update

My Mortgage Company

Joseph Cowart — Joseph Cowart

Tuesday, October 20, 2026

Mortgage programs aren't one-size-fits-all

Hi there. This week I want to talk about why the loan that works for someone else might not be the best fit for you.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%
Rate trend

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.

Loan Programs

Why your neighbor's mortgage might not work for you

Every borrower's situation is different, and that's why one-size-fits-all loan advice can actually hurt your finances. The program that makes sense for someone with a large down payment might carry higher costs for someone building equity slowly. Interest-only loans, fixed-rate mortgages, adjustable options, and government-backed programs all have their place—but only in the right scenario.

Taking time to understand which program aligns with your income stability, timeline, and risk tolerance is one of the smartest moves you can make. I'm here to walk you through your actual options and explain why each one matters to your specific situation.

Let's talk about which loan program fits your goals—reach out anytime.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.

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).

2.

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.

3.

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.

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.

Your Mortgage Advisor

M

My Mortgage Company

Joseph Cowart — Joseph Cowart

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