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Mortgage Market Update
My Mortgage Company
John Katsougrakis
Tuesday, October 20, 2026
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Which type of mortgage fits you best? |
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There's more than one way to finance a home, and the differences matter. Here's what you need to know about your options.
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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
One of the biggest decisions you'll make isn't about the rate—it's about the kind of loan itself. A fixed-rate mortgage keeps your payment steady for the life of the loan. An adjustable-rate mortgage typically starts lower but can change over time. Some programs let you put down less upfront. Others are built for specific situations, like if you're a first-time buyer or a veteran. The right choice depends on your timeline, risk comfort, and how long you plan to stay in your home. What works for your neighbor might not be ideal for you. Understanding your options means you can make a decision that actually fits your life, not just chase the lowest number you see. Let's talk about which program makes sense for where you are right now. I'd be happy to walk you through the programs available to you.
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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
John Katsougrakis
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