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Mortgage Market Update
My Mortgage Company
Seth Domnarski
Tuesday, October 20, 2026
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Why your loan type matters as much as your rate |
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Hi there. This week I want to walk you through something that doesn't always get the spotlight, but absolutely should.
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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
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 loans, FHA programs, conventional financing—they all have different strengths depending on your situation. Some borrowers benefit from flexibility and lower starting rates. Others need the predictability of payments that never change. There's no single best choice; it's about matching the right loan to your actual plans and comfort level. If you've been focused only on rate comparisons, it might be worth a conversation about what loan structure actually fits your life. Let's talk about which loan type makes sense for where you are right now.
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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
Seth Domnarski
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