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Mortgage Market Update
My Mortgage Company
Alexei Pepple
Tuesday, October 20, 2026
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The mortgage type matters more than you think |
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Hi there. This week I want to walk you through something that doesn't get enough attention when people are shopping for a mortgage.
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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 are built the same
When you're shopping for a mortgage—whether you're buying or refinancing—the interest rate gets all the attention. But the type of loan you choose matters just as much. Fixed-rate mortgages lock in your payment for the life of the loan, which appeals to people who want predictability. Adjustable-rate loans often start lower but can change over time. Some programs require less down, others favor certain credit profiles, and some are designed specifically for first-time buyers or veterans. The right program for your neighbor might not be the right one for you. Understanding what's available—and what fits your situation—is how you avoid surprises down the road. Let's talk about which loan program actually makes sense for 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
Alexei Pepple
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