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Mortgage Market Update
My Mortgage Company
Jennifer Everhart
Tuesday, October 20, 2026
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Picking the right type of mortgage |
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One of the best decisions you can make as a homeowner is understanding the loan you're actually signing. Let me explain why it matters.
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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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Mortgage Basics
Why your loan type matters more than you think
There's a difference between a fixed-rate mortgage and an adjustable-rate mortgage, and it goes way beyond how your payment works. Your loan type shapes how you're protected against rate changes, what flexibility you have down the road, and how stable your housing costs really are. Some loan programs fit certain situations better than others—it depends on how long you plan to stay in your home, how comfortable you are with payment changes, and what the rate environment looks like. I work with borrowers to match them with the right loan structure for their goals, not just the one with the lowest starting number on a rate sheet. If you'd like to talk through which loan type makes sense for your situation, I'm here to walk you through it.
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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
Jennifer Everhart
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