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Mortgage Market Update
My Mortgage Company
Transformation Home Loans
Tuesday, October 20, 2026
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One thing lenders don't always explain |
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Hi there. This week I want to talk about something that can shape your whole mortgage experience—and it's not just the rate.
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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 most of the attention. But the type of loan you choose matters just as much. Different programs come with different rules about how long you lock in your rate, how your payment can change, what down payment looks like, and even how much cash you need at closing. Some borrowers benefit from one program, while another might be a better fit for your timeline and budget. The right choice depends on your situation, not on what worked for your neighbor. I'd love to walk through what's available and what actually makes sense for you. Reach out and let's talk about which loan type fits 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
Transformation Home Loans
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