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Mortgage Market Update
My Mortgage Company
The Prospering Home Loans Team
Tuesday, October 20, 2026
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Which mortgage type actually fits your life |
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Rates grab the headlines, but your loan structure shapes your entire mortgage experience. Let's make sure yours works for you.
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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
Your loan type matters more than you think
Not all mortgages work the same way. Fixed-rate loans lock in your payment for the life of the loan—predictable and straightforward. Other programs offer flexibility upfront, lower starting payments, or options built in for your specific situation. The right choice depends on how long you plan to stay, what your budget can handle, and what gives you peace of mind. I see borrowers make better financial moves when they understand what they're actually signing up for, not just the payment number. If you've never walked through your options side by side, or if your situation has changed since you last borrowed, it's worth a conversation. I'm happy to explain what's available and which might fit your life. Get in touch and we'll talk through what 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
The Prospering Home Loans Team
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