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Mortgage Market Update
My Mortgage Company
Marc Pitcher
Tuesday, October 20, 2026
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Your mortgage doesn't have to match everyone else's |
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One question I hear often: "What loan program should I choose?" The honest answer depends entirely on you.
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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 neighbor's mortgage might look nothing like yours
Not all mortgages are created equal—and that's actually good news. Depending on your down payment, credit profile, how long you plan to stay in your home, and your risk tolerance, different loan programs can work better for different people. Some borrowers benefit from fixed rates; others from adjustable terms. Some qualify for special programs with lower down payments or reduced fees. The program that made sense for your colleague might not be the best fit for you. That's why I always recommend a real conversation about your specific situation before deciding. There's no one-size-fits-all answer, but there is usually a right answer for you. Let's talk about which program 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
Marc Pitcher
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