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Mortgage Market Update
My Mortgage Company
Randy Nederman
Tuesday, October 20, 2026
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What kind of loan makes sense for you? |
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A lot of borrowers assume their mortgage options are limited. I want to remind you that there's usually more than one path forward.
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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 are built the same
One of the biggest mistakes I see is borrowers thinking they have only one or two loan options. The truth is, depending on your situation—your credit, how long you plan to stay in your home, how much you've saved—there are often several programs that could work for you, each with different tradeoffs. A loan that's perfect for your neighbor might not be the best fit for you. That's why I always recommend talking through your specific circumstances before you settle on a program. What works depends on your timeline, risk comfort, and goals. If you've been curious about what's actually available to you, I'd love to walk through your options. Reach out and let's talk about which loan program might be the right fit for your situation.
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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
Randy Nederman
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