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Mortgage Market Update
My Mortgage Company
Ashley McKown — Ashley McKown
Tuesday, October 20, 2026
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Picking the right loan program for you |
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There's more to a mortgage than the rate. This week I want to help you understand how different loan programs work—and why the one you choose can shape your whole homeownership experience.
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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 home or refinancing, the interest rate gets most of the attention—but the loan program itself matters just as much. Different programs have different rules about down payments, credit requirements, how fast you build equity, and what happens if rates move. A conventional loan works one way; an FHA loan another; adjustable-rate mortgages behave differently still. The right program for you depends on your situation: how long you plan to stay, how much you can put down, and what kind of payment stability matters most. I'd be happy to walk you through which programs actually fit your goals—not just which one sounds cheapest today. Let's talk about which loan program makes sense for your next move.
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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
Ashley McKown — Ashley McKown
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