Mortgage Market Update

My Mortgage Company

Keith Collins — Keith Collins

Tuesday, October 20, 2026

Which loan program is right for you?

Hi there. This week I want to clear up something I see borrowers get confused about all the time—and it's costing some of them real money.

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 all the attention—but the loan program itself matters just as much. Different programs (fixed-rate, adjustable-rate, FHA, conventional, VA, USDA) come with different rules about down payments, credit requirements, and how your payment works over time. One program might be perfect for your situation while another leaves you paying more or taking on risk you don't need. The right fit depends on your timeline, how long you plan to stay in the home, and what kind of payment predictability matters to you. I'd love to walk you through which programs actually make sense for your goals.

Let's talk about which loan program fits your picture best.

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

Keith Collins — Keith Collins

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