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Mortgage Market Update
My Mortgage Company
Samuel P. Royer
Tuesday, October 20, 2026
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Which mortgage type makes sense for you? |
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There's more than one way to structure a mortgage, and what works for your neighbor might not work for you. Let's break down the main options so you can pick confidently.
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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 actually fits your situation?
Not all mortgages are created equal, and the right one for you depends on your goals and comfort level. A fixed-rate loan locks in your payment for the life of the loan—predictable and steady. An adjustable-rate mortgage starts lower but changes over time, which works well if you plan to sell or refinance before rates adjust. Government-backed loans like FHA and VA have different down payment and credit requirements, and might open doors you thought were closed. The program that makes sense depends on how long you're staying, your timeline, and what payment stability means to you. Let's talk about which option aligns with your real plans. Reach out and we can walk through which program fits your needs best.
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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
Samuel P. Royer
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