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Mortgage Market Update
My Mortgage Company
Mark Monson
Tuesday, October 20, 2026
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Your mortgage doesn't have to look like everyone else's |
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Hi there. This week I want to talk about something that doesn't get enough attention: the fact that there are real differences in the kinds of mortgages you can choose from.
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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
Why your neighbor's mortgage might look nothing like yours
Not all mortgages are created equal — and that's actually good news for you. Depending on your situation, income, credit, and goals, you might qualify for loan programs that work better than the standard 30-year fixed. Some let you build equity faster. Others lower your payment in the early years. A few are designed specifically for first-time buyers or those with non-traditional income. The catch is that the right program for someone else might not be right for you. That's why it's worth having a real conversation about what you're trying to accomplish. I can walk you through the options that actually fit your life, not just what sounds good in a commercial. Let's talk about which loan program makes the most sense for your situation.
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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
Mark Monson
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