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Mortgage Market Update
My Mortgage Company
Peter Spinella
Tuesday, October 20, 2026
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Is your loan program still a good match? |
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Everyone's mortgage story is different. Here's why one-size-fits-all thinking doesn't work in lending.
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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 Program Fit
Why your neighbor's loan might not be right for you
It's easy to assume everyone's mortgage works the same way. The truth is, loan programs are built for different situations. A fixed-rate mortgage gives you predictability. An adjustable option might make sense if you're planning to move or refinance later. Some programs reward a larger down payment; others are designed for buyers putting down less. There's no one-size-fits-all answer. What works depends on your timeline, how long you plan to stay in the home, your comfort with payment changes, and your financial goals. I spend time understanding your specific picture because the right program can affect your monthly payment, long-term costs, and peace of mind. If you've never reviewed whether your current loan is still the best fit for where you are now, it's worth a conversation. I'd be happy to walk through what makes 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
Peter Spinella
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