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Mortgage Market Update
My Mortgage Company
Lindsay Kinniburgh
Tuesday, October 20, 2026
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Which loan type is right for you? |
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Hi there. This week I want to talk about something that doesn't always get the spotlight, but absolutely should: the type of mortgage you're actually getting.
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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 work the same way
When you're shopping for a mortgage or thinking about 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—predictable and steady. Adjustable-rate loans start lower but can change over time. Some programs let you put down less, others reward you for waiting longer to close. The right fit depends on your plans, your comfort with risk, and how long you see yourself in the home. I've seen borrowers save real money by choosing the program that actually matches their life, not just the one with the lowest number on day one. Let's talk through what makes sense for you. If you'd like to explore which loan program fits your situation best, I'd be happy to walk through the options with 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
Lindsay Kinniburgh
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