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Mortgage Market Update
My Mortgage Company
Stephanie Washington — Stephanie Washington
Tuesday, October 20, 2026
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Your loan program shapes everything |
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Hi there—I wanted to touch on something that doesn't always get enough attention when people are getting ready to buy or refinance. Your choice of loan program is just as important as the interest rate you lock in.
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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 home or thinking about refinancing, the loan program you choose matters as much as the rate itself. Some programs let you put down less money upfront. Others reward you for a larger down payment. A few are designed specifically for first-time buyers, military members, or rural properties. Each one has different rules about credit scores, debt limits, and how much house you can afford. The right program for your neighbor might not be the right one for you—it depends on your situation, your goals, and what you're trying to accomplish. I'd love to walk you through your options and help you figure out which program actually makes sense for where you are right now. Let's talk about which loan program fits your situation best.
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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
Stephanie Washington — Stephanie Washington
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