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Mortgage Market Update
My Mortgage Company
E Mortgage Capital
Tuesday, October 20, 2026
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What your loan type actually costs you |
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Hi there. This week I want to talk about something that doesn't get enough attention when you're buying or refinancing: the kind of loan you choose.
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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
Your loan type matters more than you think
When you're focused on getting approved and closing on a home, the details of your loan program can feel like background noise. But the choice between fixed-rate, adjustable-rate, or other loan structures shapes your entire financial picture for years. The right program aligns with how long you plan to stay in the home, what payment stability means to you, and where rates are headed. I've seen borrowers get great terms with one program and struggle with another simply because it didn't match their life. If you're unsure whether your current loan is the right fit—or you're considering a move and wondering if now's the time to look at options—let's talk through what makes sense for your situation. Reach out if you'd like to walk through which loan type serves you 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
E Mortgage Capital
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