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Mortgage Market Update
My Mortgage Company
Keith Scott Mackey
Tuesday, October 20, 2026
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Picking the right type of loan matters |
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One of the biggest decisions in getting a mortgage isn't just the rate you lock—it's the type of loan itself. Here's why it matters more than you might think.
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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, the type of loan you choose affects more than just your interest rate—it shapes your entire payment structure and long-term costs. A fixed-rate mortgage keeps the same payment for the life of the loan, which means predictability. An adjustable-rate mortgage may start lower but can change over time. Government-backed loans like FHA or VA have different rules around down payments and insurance. Each one serves different goals. The right choice depends on how long you plan to stay in your home, your risk tolerance, and what you can comfortably afford. I'd be happy to walk you through the options and help you understand which loan type makes sense for your situation. Let's talk about which loan program fits your needs best.
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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
Keith Scott Mackey
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