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Mortgage Market Update
My Mortgage Company
Lending Pad
Tuesday, October 20, 2026
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Your loan type matters—here's why |
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Hi there. This week I want to talk about something that doesn't always grab headlines but absolutely shapes your mortgage experience.
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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 options matter more than you think
Not all mortgages are created equal. Depending on your situation—whether you're a first-time buyer, self-employed, have limited down payment savings, or are looking to tap into home equity—different loan programs might be a better fit than others. The right program can mean lower rates, fewer hoops to jump through, or monthly payments that actually work with your budget. I often see borrowers assume they only qualify for one path forward, when in reality there are several options worth exploring. Let's talk about what's available to you and which might make the most sense. Get in touch and we can walk through your options together.
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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
Lending Pad
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