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Mortgage Market Update
My Mortgage Company
JAG
Tuesday, October 20, 2026
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Why your loan type matters as much as the rate |
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There's a lot more to choosing a mortgage than just comparing rates. This week, let's talk about loan programs and why the type you pick shapes your whole borrowing experience.
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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 are built the same
If you're shopping for a home or thinking about refinancing, you've probably heard terms like fixed-rate, adjustable-rate, FHA, conventional, and VA loan thrown around. They're not just different names—they work in meaningfully different ways, and the right choice depends on your situation. Some programs offer lower starting payments but carry risk down the road. Others cost more upfront but give you rock-solid predictability. Some are designed for first-time buyers or veterans. Understanding which loan type fits your goals, timeline, and comfort level is one of the most important decisions you'll make. I'm happy to walk you through how each one works and which might make sense for you. Reach out whenever you'd like to talk through your loan options.
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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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