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Mortgage Market Update
My Mortgage Company
Daryle Evans - For Deletion
Tuesday, October 20, 2026
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Picking the right mortgage program |
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One of the most important decisions in the mortgage process isn't just about the rate—it's about the loan program itself. Here's what you need to know.
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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 loan type matters more than you think
Not all mortgages are built the same, and the program you choose shapes your entire borrowing experience. Some loans let you put down less upfront. Others reward you for a larger down payment. Some have fixed rates that never change; others start lower but can adjust. Fixed-rate mortgages offer predictability—your payment stays the same for the life of the loan. Adjustable programs may start at a lower payment but carry different risks. The right choice depends on how long you plan to stay in the home, your comfort with payment changes, and your financial goals. I'd be happy to walk you through which programs align with your situation. Let's talk about which loan program makes sense for you.
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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
Daryle Evans - For Deletion
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