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Mortgage Market Update
My Mortgage Company
Daniel DePascal
Tuesday, October 20, 2026
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Which mortgage type is best for you? |
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Every mortgage loan is structured differently, and that structure affects your payments, flexibility, and long-term costs. Here's what you need to know.
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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
Why your loan type matters more than you think
Not all mortgages work the same way. The difference between a fixed-rate loan, an adjustable-rate option, or a specialized program can shape your finances for years. Each has trade-offs—some offer lower starting payments, others provide payment stability. The right fit depends on how long you plan to stay in your home, how comfortable you are with change, and what your budget can handle. I've seen borrowers make smart choices and regrettable ones, and the difference usually comes down to understanding what they were signing up for. If you're curious about what makes sense for your situation, I'm here to walk you through it. Let's talk about which loan program fits your goals best.
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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
Daniel DePascal
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