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Mortgage Market Update
My Mortgage Company
Stacey Elshehaby
Tuesday, October 20, 2026
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The right loan type for your goals |
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Hey there. I want to share something that comes up a lot in conversations with borrowers — and it often changes how they think about their options.
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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 are the same, and the right choice depends on your goals and timeline. Some borrowers benefit from fixed rates that lock in predictability. Others find adjustable programs make sense if they plan to move or refinance within a few years. First-time buyers often qualify for programs with lower down payments than they think. And if you already own, you might have options that match your current needs better than your original loan. The program you choose affects your rate, payment, and flexibility down the road. Understanding what's available helps you make a decision that actually works for your life, not just what sounds familiar. Let's talk about which direction makes sense for you. Reach out if you'd like to explore what programs might work best 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
Stacey Elshehaby
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