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Mortgage Market Update
My Mortgage Company
Michael W Pehrson
Tuesday, October 20, 2026
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Choosing the right loan type for your home |
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Not all mortgages are built the same. This week I want to walk you through why the loan program you choose matters so much.
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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 work the same way, and the loan program you choose shapes your entire borrowing experience. Some programs offer flexibility if life changes. Others lock in predictability from day one. Some reward a larger down payment, while others help borrowers get into a home sooner. The right choice depends on your situation, your timeline, and what gives you peace of mind. I've seen borrowers save thousands simply by understanding which program actually fit their needs instead of just picking the first option. If you've never talked through the differences, or if you're considering a refinance, it's worth an honest conversation about what would work best for you. Let's talk about which loan program makes sense 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
Michael W Pehrson
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