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Mortgage Market Update
My Mortgage Company
Affluent Mortgage LLC
Tuesday, October 20, 2026
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Which loan type fits your plan? |
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There's more to picking a mortgage than finding the lowest rate. Let me break down how different loan structures can work in your favor.
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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 mortgage—whether you're buying or refinancing—the interest rate gets most of the attention. But the type of loan you choose matters just as much. Some borrowers do better with a fixed rate that never changes. Others benefit from adjustable programs, especially if they plan to move or refinance down the road. First-time buyers might qualify for programs with lower down payments. Those with substantial equity have different options than someone just starting out. The right choice depends on your timeline, your comfort with payment changes, and what you're trying to accomplish. I'd love to walk you through what's available and help you understand which structure fits your situation. Let's talk about which loan program makes the most sense for you.
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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
Affluent Mortgage LLC
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