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Mortgage Market Update
My Mortgage Company
Omar Brito
Tuesday, October 20, 2026
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The loan type question I get asked most |
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When rates move or life circumstances shift, borrowers often reach out—but not always about what they think. I've noticed a pattern in the conversations that matter most.
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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
Why your loan type matters more than you think
Most borrowers focus on the rate they're getting, but the loan program itself—fixed-rate versus adjustable, conventional versus government-backed—shapes your entire financial picture. Your program determines how your payment behaves over time, what flexibility you have, and how protected you are if life changes. If you're new to homeownership or thinking about a refinance, understanding what kind of loan you hold (or are considering) is just as important as the number on the rate card. I'd love to walk you through your options and explain which program makes sense for your goals. Let's talk about whether your current loan is the right fit 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
Omar Brito
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