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Mortgage Market Update
My Mortgage Company
Stephanie Pena
Tuesday, October 20, 2026
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Your loan type matters more than you think |
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Hi there. This week I want to talk about something that doesn't always get the attention it deserves: the type of loan you carry and whether it still fits your life.
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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
What changes when you switch loan types
A lot of borrowers don't realize that the loan program you choose doesn't just affect your interest rate—it shapes your whole financial picture. Moving from one program to another (whether that's adjustable to fixed, or a shorter term to a longer one) can change your monthly payment, how fast you build equity, and what flexibility you have down the road. The right choice depends on your timeline, risk tolerance, and goals. If you've been in the same loan for a while, or if your situation has shifted, it might be worth looking at whether a different program could work better for you now. I'm happy to walk through what's available and what each one would actually mean for your budget. Let's talk about which program makes sense for where you are today.
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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
Stephanie Pena
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