Mortgage Market Update

My Mortgage Company

James Young

Tuesday, October 20, 2026

Not all mortgages are the same

Hi there. Every borrower's needs are different, and the mortgage market offers more options than most people realize.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

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.

Loan Programs

Why your neighbor's mortgage might work differently than yours

Not all mortgages are built the same way. Depending on your situation—credit score, down payment size, property type, or income—you may qualify for loan programs that come with different rates, terms, and flexibility than someone else. Fixed-rate loans, adjustable options, government-backed programs, portfolio products—each has a place. The right fit depends on your timeline, risk tolerance, and financial goals. That's why I always recommend a real conversation about your specific circumstances before you assume what's available to you. Small differences in structure can add up to meaningful savings or breathing room over time.

Let's talk through which programs might make the most sense for your situation.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.	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).

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

James Young

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