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Mortgage Market Update
My Mortgage Company
Ryan Harding — PLAY HARDING LLC
Tuesday, October 20, 2026
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Which mortgage type is right for you? |
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There's more than one way to finance a home. Understanding the differences can make a real impact on your money and peace of mind.
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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
One of the biggest decisions you make isn't about the rate—it's about the loan itself. Fixed-rate mortgages lock in the same payment for the life of the loan, which appeals to borrowers who want predictability. Adjustable-rate mortgages start lower but can change over time, which can work well if you're planning to sell or refinance before rates adjust. Other programs exist too, each with different rules about down payments, credit requirements, and how long you can borrow. The right choice depends on your timeline, risk comfort, and what you're trying to accomplish with your home. I'd love to walk you through which structure makes sense for where you are right now. Let's talk about which loan type 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
Ryan Harding — PLAY HARDING LLC
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