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Mortgage Market Update
My Mortgage Company
Arizona Filmmakers
Tuesday, October 20, 2026
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Choosing the right loan program for you |
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There's more to your mortgage than just the rate. The loan program you choose shapes how your payments work and what flexibility you have down the road.
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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 interest rate gets most of the attention—but the loan program itself matters just as much. Different programs have different rules about down payments, how long you have to pay back the loan, and what happens if rates change. A fixed-rate mortgage locks in your payment for the entire loan. An adjustable-rate mortgage starts lower but can change over time. Other programs are designed for specific situations, like if you're a first-time buyer or a veteran. The right choice depends on your plans, your budget, and how comfortable you are with change. I'd love to walk you through which programs might make sense for your situation. Reach out and let's talk about which loan program fits your goals.
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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
Arizona Filmmakers
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