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Mortgage Market Update
My Mortgage Company
David Gentile
Tuesday, October 20, 2026
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Which mortgage type works best for you? |
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Hi there—I wanted to revisit something I think gets overlooked: there's no such thing as a one-size-fits-all mortgage. Here's what I mean.
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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
Which mortgage program actually fits your situation?
Not all mortgages are created equal, and the right one for you depends on your goals and how long you plan to stay in your home. Some borrowers benefit from fixed rates for predictability; others find adjustable programs work better for their timeline. Government-backed loans have different rules than conventional ones. And if you're buying versus refinancing, or putting down 20% versus less, your options shift. I've seen people pick a loan type because a friend recommended it—only to realize later it wasn't the best match for their actual situation. The good news is that once we understand your timeline, down payment, credit profile, and priorities, we can show you which programs make the most sense. It's worth having that conversation so you're not guessing. Let's talk through which loan program aligns with your plans.
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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
David Gentile
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