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Mortgage Market Update
My Mortgage Company
TiE South Coast - Orange County
Tuesday, October 20, 2026
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The loan type question worth asking |
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Every homeowner and buyer should understand how their mortgage works—not just the payment, but the terms underneath. Here's 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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Mortgage Basics
Why your loan type shapes your long-term costs
Not all mortgages work the same way, and the one you choose can mean real differences in what you pay over time. A fixed-rate loan keeps your payment steady for decades. An adjustable-rate mortgage starts lower but can change. Some loans have shorter terms, others stretch longer. Each has trade-offs — lower payments versus predictability, or building equity faster versus monthly flexibility. Understanding which loan fits your situation, timeline, and comfort level isn't just a box to check. It's one of the biggest decisions you'll make as a homeowner. I'm always happy to walk through how different programs might work for your specific goals. Let's talk about which loan structure makes sense 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
TiE South Coast - Orange County
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