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Mortgage Market Update
My Mortgage Company
Jeff McCarthy
Tuesday, October 20, 2026
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Which mortgage type makes sense for you? |
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Hi there. Picking a mortgage is one of the biggest decisions you'll make, and there are more choices than most people realize.
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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
Understanding your mortgage options
Not all mortgages are created equal, and the right program for your neighbor might not be right for you. Some borrowers benefit from fixed rates that lock in stability for decades. Others find adjustable programs make sense if they plan to move or refinance before rates adjust. Then there are specialized programs—FHA, VA, USDA—each with different rules around down payments, credit requirements, and costs. The key is matching the program to your timeline, financial situation, and comfort level. I'm here to walk you through what's actually available to you and why one option might fit better than another. Let's talk about which program aligns with your plans—reach out anytime.
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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
Jeff McCarthy
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