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Mortgage Market Update
My Mortgage Company
Derek Vail
Tuesday, October 20, 2026
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Which loan program is right for you? |
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There's more to choosing a mortgage than rate shopping. This week, I want to talk about loan programs—and why the one you pick matters as much as the number on the paperwork.
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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
When you're shopping for a mortgage or thinking about refinancing, the interest rate gets most of the attention. But the loan program itself—whether it's a fixed-rate mortgage, an adjustable-rate option, or something else—shapes your entire experience as a borrower. Different programs come with different trade-offs in how your payments work, how long you're locked in, and what flexibility you have down the road. Understanding which program fits your situation means you're not just chasing the lowest number; you're choosing the right tool for your goals. If you're curious whether your current loan is still the best fit, or you want to explore what might work better for your next move, let's talk it through. Reach out if you'd like to walk through what loan program makes 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
Derek Vail
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