Mortgage Market Update

My Mortgage Company

Eddie Cristerna

Tuesday, October 20, 2026

Which loan program fits your goals?

Every mortgage is not the same—and that's actually good news. The program you choose can make a real difference in how your loan works for you over time.

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.

Smart Borrowing

Why your loan terms matter more than you think

When you're shopping for a mortgage, it's easy to focus only on the interest rate. But the loan program itself—whether you choose a fixed rate, an adjustable rate, a shorter payoff timeline, or something else—shapes your entire borrowing experience. Each option trades different things: stability, payment size, total interest paid, and flexibility. The right choice depends on your timeline, risk comfort, and financial goals, not just which rate looks lowest today. That's why I always encourage borrowers to think about the full picture, not just the headline number.

I'd be happy to walk through how different programs could work for your specific situation—let's talk soon.

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

Eddie Cristerna

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