Mortgage Market Update

My Mortgage Company

Nathan Grant

Tuesday, October 20, 2026

Which mortgage type actually fits your situation

There's more than one way to finance a home. Here's why the type of loan you choose matters.

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

Picking the right loan type matters more than you think

Not all mortgages work the same way, and choosing between a fixed rate, adjustable rate, or specialized program can shape your entire borrowing experience. Fixed rates lock in your payment for the life of the loan—predictable and stable. Adjustable rates sometimes start lower but can change over time. Government-backed programs like FHA, VA, or USDA loans have different eligibility, down payment options, and rules. The right choice depends on how long you plan to stay in your home, your comfort with payment changes, and what you actually qualify for. I've seen borrowers save money or avoid stress simply by matching their situation to the right program from the start. Let's talk about which type makes sense for you.

Reach out and we can walk through your options together.

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

Nathan Grant

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