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Mortgage Market Update
My Mortgage Company
Katie Maynard
Tuesday, October 20, 2026
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Picking the right mortgage for your situation |
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There's more than one way to structure a mortgage, and the choice matters. Here's what you should know.
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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 ready to buy or refinance, you'll hear terms like fixed-rate, adjustable-rate, conventional, and government-backed loans thrown around. Each one has different rules, costs, and benefits depending on your situation. A fixed-rate mortgage keeps the same payment for the life of the loan—predictable and stable. An adjustable-rate starts lower but can change over time. Government programs like FHA or VA loans have their own eligibility and perks. The right choice depends on your timeline, risk tolerance, and financial picture. I'd be happy to walk you through what makes sense for you. Let's talk about which loan program 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
Katie Maynard
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