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Mortgage Market Update
My Mortgage Company
Spencer Javier
Tuesday, October 20, 2026
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Which type of mortgage fits your life? |
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Hi there,
I've noticed a lot of borrowers focus only on rates and miss the bigger picture. This week I want to talk about loan types.
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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 work the same way
When you're shopping for a mortgage or thinking about refinancing, the interest rate gets most of the attention. But the type of loan you choose matters just as much. Fixed-rate mortgages lock in your payment for the life of the loan. Adjustable-rate options start lower but can change over time. FHA, VA, and conventional loans each have different rules about down payments, credit, and who qualifies. The right choice depends on your timeline, budget, and how long you plan to stay in your home. If you've never had someone walk through these options side by side, it's worth an hour of your time. I can show you how each program would look for your situation and help you understand what you're actually signing up for. Let's talk about which loan program makes sense for you.
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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
Spencer Javier
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