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Mortgage Market Update
My Mortgage Company
Jeff Pritchard
Tuesday, October 20, 2026
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Not all mortgages work the same way |
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I work with borrowers from all walks of life, and I've learned that one-size-fits-all advice doesn't work in lending. This week I want to talk about loan programs and why the right choice 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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Loan Programs
Which mortgage program fits your situation?
Not all mortgages work the same way. Depending on where you are in your financial life—whether you're buying for the first time, have a smaller down payment, are self-employed, or have a non-traditional credit history—different loan programs may open doors that a standard conventional mortgage won't. Programs vary in their flexibility around credit requirements, down payment minimums, income documentation, and what they cost month-to-month. Understanding which options you actually qualify for can mean the difference between getting approved or being turned away, or finding a path that genuinely fits your budget. I'd love to walk you through what's available for your specific situation—there's usually more than one way forward. Let's talk about which loan program makes sense for you.
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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
Jeff Pritchard
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