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Mortgage Market Update
My Mortgage Company
Trevor Flaten
Tuesday, October 20, 2026
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Which loan program is right for you? |
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Hi there,
One of the most overlooked decisions in mortgage shopping is which type of loan to choose. Let me break down why it matters.
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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—whether you're buying or refinancing—the interest rate gets most of the attention. But the loan program itself matters just as much. Different programs have different rules about down payments, credit requirements, how long you have to repay, and what happens if rates move. Some are built for first-time buyers. Others reward you for a larger down payment. A few let you lock in a rate before you're ready to close. The right program for your situation can mean lower payments, easier approval, or more flexibility down the road. I'd love to walk you through which options make sense for where you are right now. Let's talk about which loan program fits your goals 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
Trevor Flaten
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