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Mortgage Market Update
My Mortgage Company
Brad Powers
Tuesday, October 20, 2026
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Which mortgage type fits your situation? |
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There's more to picking a mortgage than finding the lowest rate. Let me walk you through how loan programs actually differ and why it matters for you.
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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
Not all mortgages are built the same
When you're shopping for a loan, it's easy to focus only on the interest rate. But the type of mortgage you choose matters just as much. Different loan programs come with different advantages — some help if your credit isn't perfect, some work better if you're putting down less than 20%, and some make sense if you plan to stay in your home for a long time. The right fit depends on your situation, your timeline, and what matters most to your monthly budget. I'd rather spend 15 minutes understanding which program actually works for you than have you locked into the wrong one. That's where a real conversation comes in. Let's talk about which loan program makes the most sense for your goals.
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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
Brad Powers
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