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Mortgage Market Update
My Mortgage Company
Scott Obermeyer
Tuesday, October 20, 2026
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Your mortgage has options |
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Hi there. I want to spend a few minutes this week on something that doesn't get talked about enough—the actual shape of your loan.
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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
One thing I've noticed over the years is that borrowers sometimes assume every mortgage is built the same—but that's not quite true. The loan program you choose affects how your payments work, how your interest rate behaves, and what flexibility you have down the road. Some programs let you lock in a rate for the life of the loan, while others adjust over time. Some have more room to work with your credit or down payment. Some are better if you plan to move in five years; others reward you for staying put. The right choice depends on your timeline, your comfort level with change, and what matters most to your family. I'd love to walk you through what's available and what might make sense for your situation. Let me know if you'd like to talk about which loan program fits your goals.
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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
Scott Obermeyer
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