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Mortgage Market Update
My Mortgage Company
Jon Woodard
Tuesday, October 20, 2026
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Finding the right mortgage for your situation |
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Hi there. I want to share something that catches a lot of borrowers off guard when we first meet.
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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
Your borrowing options are wider than you think
Most people assume there's one standard mortgage product—but that's not how it works. Different loan programs exist because different borrowers have different situations. Whether you're a first-time buyer with a smaller down payment, someone with an irregular income, a self-employed owner, or a homeowner looking to tap your equity, there's likely a program designed with you in mind. The right fit can mean lower costs, easier qualification, or both. The catch is you have to know they exist and explore what applies to your life. That's where a conversation helps. I can walk you through what's actually available to you and why one option might make more sense than another. Let's talk about which programs might work 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
Jon Woodard
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