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Mortgage Market Update
My Mortgage Company
John Hersperger
Tuesday, October 20, 2026
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Which loan program is right for you? |
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Hey there. This week I want to talk about something that doesn't always get the spotlight, but absolutely should: the loan program itself.
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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 work the same way
If you're shopping for a home or thinking about your next move, the type of loan you choose matters as much as the rate itself. Different programs come with different rules about down payments, credit requirements, and how flexible they are if your situation changes. A conventional loan works one way; an FHA loan another. Adjustable-rate mortgages behave differently than fixed-rate ones. Understanding which program fits your goals—and your life—can mean the difference between a mortgage that feels comfortable and one that feels like a burden. That's why I always recommend we talk through your specific situation first, so we can match you with the right loan structure, not just chase the lowest rate. Let's walk through which loan program makes the most sense for where you are.
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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
John Hersperger
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