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Mortgage Market Update
My Mortgage Company
Adrian Petersen
Tuesday, October 20, 2026
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What type of mortgage do you actually have? |
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One of the most important decisions in a mortgage happens before you ever make a payment—choosing the right loan program. This week, let's talk about why it matters.
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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 more than you think
Not all mortgages work the same way. The difference between a fixed-rate loan, an adjustable-rate loan, or a specialty program can shape your payments and your peace of mind for years to come. Some borrowers benefit from one type; others do better with another. The right choice depends on your timeline, how long you plan to stay in the home, and what kind of payment stability matters most to you. If you've never really understood what makes your loan different from someone else's, or if you're curious whether your current setup still makes sense, it's worth a conversation. I can walk you through the options and help you see which approach aligns with your situation. Let's talk about which loan program might work best for you.
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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
Adrian Petersen
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