Sean G Lusk — Sean G Lusk · October 20, 2026

Your mortgage type and what it really means

Mortgage Market Update

My Mortgage Company

Sean G Lusk — Sean G Lusk

Tuesday, October 20, 2026

Your mortgage type and what it really means

Not all mortgages work the same way. The loan program you choose affects more than just your rate—it shapes your whole borrowing experience.

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 loan type matters more than you think

Not all mortgages are built the same. The type of loan you choose—fixed-rate, adjustable-rate, FHA, conventional, or others—shapes your payment, your risk, and your flexibility over time. Some programs work better if you're staying put for decades. Others make sense if you plan to move or refinance down the road. Your credit profile, down payment, and timeline all play a role in which option actually fits your life. The right fit isn't always the most popular choice—it's the one that matches your situation. If you're unsure whether your current loan is working for you, or you're shopping for a new mortgage and want to understand the real tradeoffs, let's talk through your options.

I'd be happy to walk you through how different loan programs could work for your goals.

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

Sean G Lusk — Sean G Lusk

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