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Mortgage Market Update
My Mortgage Company
Capital – Barrett
Tuesday, October 20, 2026
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Picking the right loan type for your situation |
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Every mortgage is not created equal. The program you choose shapes your entire borrowing experience—and your financial flexibility over time.
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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 Basics
Why your loan type matters more than you think
Not all mortgages work the same way, and the program you choose affects not just your monthly payment, but your flexibility down the road. Fixed-rate loans lock in certainty—your payment stays the same for the life of the loan. Adjustable-rate programs may start lower but change over time. Some loans are designed for first-time buyers; others reward those with substantial equity or income that's hard to document. Understanding which program fits your situation—and your plans for the home—helps you avoid surprises later. If you're not sure whether your current loan is still the right fit, or you're curious what options might be available to you now, I'd be happy to walk through it. Let's talk about which loan program makes sense for where you are today.
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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
Capital – Barrett
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