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Mortgage Market Update
My Mortgage Company
Jillian Hartman
Tuesday, October 20, 2026
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Not all mortgages work the same way |
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When homebuyers come to me, they often know what rate they want—but not always what loan type they need. This week I'm breaking down why that distinction 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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Loan Programs
Why your loan type matters more than you think
When you're shopping for a mortgage, it's easy to focus on the interest rate and monthly payment. But the type of loan you choose—fixed-rate versus adjustable, conventional versus government-backed—shapes your entire borrowing experience. Different loan programs come with different advantages depending on your financial picture, how long you plan to stay in your home, and how much risk you're comfortable with. The right program for your neighbor might not be the right one for you. That's why I always recommend taking time to understand what each option actually means for your situation, not just comparing numbers side by side. If you'd like to walk through which programs make sense for where you are right now, I'm here to help. Let's talk about which loan program fits your goals.
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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
Jillian Hartman
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