Mortgage Market Update

My Mortgage Company

Cristi Hughes

Tuesday, October 20, 2026

Picking the right loan program for your situation

Hi there — I wanted to touch on something that doesn't always get talked about enough: the mortgage itself, and how your loan type shapes your long-term picture.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

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.

Loan Programs

Not all mortgages work the same way

When you're shopping for a home or thinking about refinancing, the interest rate gets most of the attention. But the type of loan you choose matters just as much. Fixed-rate mortgages, adjustable-rate mortgages, FHA loans, conventional loans — they all have different rules, costs, and long-term effects on your finances. The right choice depends on your situation: how long you plan to stay in the home, your credit profile, how much you have for a down payment, and what you can comfortably afford. I've seen borrowers save real money by choosing a loan program that fits their actual plans instead of just chasing the lowest rate in the moment. Understanding your options takes a conversation, not a calculator.

If you'd like to talk through which loan program makes sense for you, I'm here to walk you through it.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.	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).

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Cristi Hughes

You are receiving this from Cristi Hughes. Unsubscribe