Mortgage Market Update

My Mortgage Company

Jessica Portillo — Jessica Portillo

Tuesday, October 20, 2026

Should you reconsider your loan type?

Hi there. I want to touch on something that doesn't always get enough attention: making sure the loan you have (or are thinking about getting) is actually the right one for your situation.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

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.

Loan Program Fit

Your loan type matters more than you think

A lot of homeowners don't realize that the loan program you chose years ago might not be the best fit for where you are today. Fixed-rate mortgages, adjustable-rate loans, FHA, conventional, VA—they each have different strengths depending on your timeline, risk tolerance, and financial picture. If you're planning to stay in your home long-term, one program makes sense. If you're thinking about moving or refinancing in a few years, that changes the math entirely. The right program can mean lower payments, better terms, or more flexibility down the line. I'd love to walk you through what you're currently holding and whether it still aligns with your plans.

Let's talk about whether your current loan is still working for you.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.	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).

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Jessica Portillo — Jessica Portillo

You are receiving this from Jessica Portillo — Jessica Portillo. Unsubscribe