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Mortgage Market Update
My Mortgage Company
Priscilla Nieves
Tuesday, October 20, 2026
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What loan type is right for you? |
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Hi there—I wanted to touch base about something that comes up a lot. Many of my clients are surprised to learn how many different ways there are to structure a mortgage.
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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
Your mortgage options might be wider than you think
Most people know about the standard 15- and 30-year fixed mortgages, but there are other loan structures out there—each with different tradeoffs. Some borrowers benefit from adjustable-rate mortgages or other programs that match their plans and timeline. Others find that portfolio loans or specialized programs open doors that traditional financing wouldn't. The right choice depends entirely on your situation: how long you plan to stay in your home, your comfort with payment changes, and what you're trying to accomplish financially. If you've been told "no" before, or if you're curious whether a different loan type might work better for your goals, it's worth having a real conversation about what's actually available to you. Let me know if you'd like to explore what loan programs might be the best fit 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
Priscilla Nieves
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