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Mortgage Market Update
My Mortgage Company
Michael Perlman - DELETE
Tuesday, October 20, 2026
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Choosing the right loan program for your situation |
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There's more to picking a mortgage than just shopping rates. The loan program you choose shapes how your payment works and how you're protected down the road.
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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 type matters when rates shift
When rates move, different loan programs feel the impact in different ways. A fixed-rate mortgage locks in your payment for the life of the loan—no surprises. Adjustable-rate loans typically start lower but can change over time. Government-backed programs like FHA and VA come with their own rules and benefits. The right program isn't about chasing the lowest number today; it's about matching your financial life to a loan that works for you long-term. Whether you're buying, refinancing, or just curious about your options, understanding how each program works—and how rate changes affect it—puts you in control of your decision. I'm happy to walk through what makes sense for your situation. Let's talk about which loan program fits 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
Michael Perlman - DELETE
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