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Mortgage Market Update
My Mortgage Company
Austen Smith
Tuesday, October 20, 2026
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What type of mortgage makes sense for you? |
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Hi there—I wanted to share some insight into loan programs this week. Different mortgages serve different needs, and it helps to know which one fits yours.
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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 loan type fits your situation?
Not all mortgages work the same way, and the right choice depends on your timeline, risk tolerance, and financial goals. A fixed-rate loan locks in your payment for the life of the loan—predictable and straightforward. An adjustable-rate mortgage often starts lower but can change over time. Jumbo loans exist for higher-priced homes. FHA, VA, and USDA programs serve specific borrowers. The program that makes sense for someone buying their first home might not be the same one for someone refinancing, or someone planning to move in five years versus thirty. Understanding your options helps you make a decision you'll feel confident about. I'd be happy to walk you through which programs might align with where you are right now. Let's talk about which loan program might work best 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
Austen Smith
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