Mortgage Market Update

My Mortgage Company

Jose Ramos

Tuesday, October 20, 2026

Which loan program fits your plan?

There's more to choosing a mortgage than rate shopping. The loan program you pick shapes your whole experience as a homeowner.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

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.

Loan Programs

Not all mortgages work the same way

When you're shopping for a mortgage—whether you're buying or refinancing—the interest rate gets most of the attention. But the loan program itself matters just as much. A 30-year fixed loan, an adjustable-rate mortgage, a government-backed loan, or a portfolio program each have different rules, flexibility, and long-term costs. What works for one borrower might not work for another. The right program depends on your timeline, how long you plan to stay in the home, your down payment, and your comfort level with your payment staying the same or changing. I'd be happy to walk you through the options and help you figure out which one actually makes sense for your situation.

Let's talk about which loan program might be the best fit for you.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.	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).

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Jose Ramos

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