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Mortgage Market Update
My Mortgage Company
Summer Britt
Tuesday, October 20, 2026
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Which loan type is right for you? |
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Not all mortgages are created equal. Here's what you should know about choosing the right one.
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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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Smart Borrowing
Why your loan type matters more than you think
When you're shopping for a mortgage, it's easy to focus on just the interest rate. But the type of loan you choose—fixed rate versus adjustable, conventional versus government-backed—shapes your entire borrowing experience. Different loan programs come with different protections, flexibility, and long-term costs. Some work better if you're staying put for decades; others make sense if you plan to move or refinance down the road. The right program for your neighbor might not be the right one for you. That's why it's worth having a real conversation about what you're trying to achieve and what actually fits your life. I'm here to help you understand the tradeoffs so you can make a choice you feel confident about. Let's talk through 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
Summer Britt
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