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Mortgage Market Update
My Mortgage Company
Bret Bushman CRM
Tuesday, October 20, 2026
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Picking the right type of mortgage |
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Hi there. One of the most important decisions you'll make isn't always obvious at first glance.
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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 Flexibility
Your loan type matters more than you think
When you're shopping for a mortgage, it's easy to focus only on interest rates. But the type of loan you choose—fixed-rate versus adjustable, conventional versus government-backed—shapes your entire borrowing experience. Different programs suit different situations. Some offer lower starting costs, others provide payment predictability. Some work better if you're planning to sell in five years; others reward you for staying long-term. The right fit depends on your timeline, risk comfort, and financial goals. I'd love to walk you through what's available and which might make sense for your specific situation. Let's talk about which loan program aligns best with your plans.
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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
Bret Bushman CRM
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