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Mortgage Market Update
My Mortgage Company
Shelby Byington
Tuesday, October 20, 2026
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Picking the right mortgage type matters |
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Hi there. This week I want to talk about something borrowers often overlook: the type of loan you choose shapes your whole experience as a homeowner.
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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
What type of loan actually fits your life
Not all mortgages are built the same, and picking the wrong one can cost you money or flexibility down the road. A fixed-rate loan locks in your payment forever—great if you plan to stay put and want predictability. An adjustable-rate mortgage might start lower, which appeals to folks who know they'll move or refinance in a few years. Then there are programs designed for specific situations: VA loans for military, FHA loans for lower down payments, portfolio programs for self-employed borrowers. The right choice depends on your timeline, your income stability, and how much uncertainty you're comfortable with. Let's talk through what makes sense for where you actually are right now. Reach out and we can walk through which loan structure aligns best with 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
Shelby Byington
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