Mortgage Market Update

My Mortgage Company

Julie Jacobsen

Tuesday, October 20, 2026

Does your loan program still fit?

Hi there. Sometimes the best move isn't about rates or refinancing—it's about whether you're in the right loan type for where you are now.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

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

When a different loan program makes sense

Not every mortgage is built the same way, and the program you chose at closing might not be your best option today. If your financial situation has shifted—your credit improved, you have more savings, or rates have moved—it could be worth looking at whether a different loan type (conventional, FHA, VA, USDA, or a different term length) would serve you better now. The right program depends on your goals: maybe you want to lower your monthly payment, shorten your loan term, or access cash for something important. I've seen borrowers stay in a program that no longer fits their life simply because they didn't think to check. A conversation about your current situation takes minutes and might open up options you didn't know existed.

If you're curious whether your loan setup is still the best fit, reach out and we can walk through it together.

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

My Mortgage Company

Julie Jacobsen

You are receiving this from Julie Jacobsen. Unsubscribe