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Mortgage Market Update
My Mortgage Company
Rowley RV - PHX
Tuesday, October 20, 2026
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Picking the right loan type for you |
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Not all mortgages are created equal. Here's what you need to know about choosing one that works.
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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
Why your loan option matters more than you think
When you're shopping for a mortgage, it's easy to focus only on interest rates. But the type of loan you choose—fixed-rate versus adjustable, conventional versus government-backed—shapes your entire financial picture. Some programs offer flexibility; others offer stability and predictability. The right choice depends on how long you plan to stay in your home, your risk tolerance, and what you can afford today and down the road. I've seen borrowers save thousands by picking the loan structure that actually fits their life, not just the one with the lowest advertised rate. If you're buying soon or curious whether your current loan is still the best fit, let's walk through your options together. Reach out and we can talk through which loan program makes the most sense for your situation.
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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
Rowley RV - PHX
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