Mortgage Market Update

My Mortgage Company

Corey Riggs

Tuesday, October 20, 2026

Which mortgage program is right for you?

Not all mortgages are created equal. The program you choose shapes your entire borrowing experience.

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

The mortgage program you pick matters more than you think

When you're ready to buy or refinance, you have real choices about the type of loan that works best for your situation. Fixed-rate mortgages offer stability—your payment stays the same for the life of the loan. Adjustable-rate loans may start lower but can change over time. Government-backed programs like FHA, VA, or USDA loans have different eligibility rules and benefits. And if you're a first-time buyer, you might qualify for programs designed specifically for you. The right program depends on your timeline, how long you plan to stay in the home, and what matters most to you—predictability, lower upfront costs, or something else entirely. I'd love to walk you through your options and help you see which one aligns with your goals.

Let's talk about which loan program makes sense for your situation.

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

Corey Riggs

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