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Mortgage Market Update
My Mortgage Company
Matt LaRussa
Tuesday, October 20, 2026
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The loan type you pick matters more than you'd think |
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Welcome back. This week I want to clear up something that often gets glossed over in the mortgage process—and it can make a real difference.
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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
Not all mortgages work the same way
One of the biggest surprises I see is when borrowers realize their loan type shapes not just their rate, but how flexible they are with payments, refinancing, and building equity. A fixed-rate mortgage plays by one set of rules. An adjustable-rate loan has a different path. Government-backed programs like FHA or VA come with their own strengths and limits. The right choice depends on how long you plan to stay, what your cash flow looks like, and what matters most to you down the road. It's worth understanding what you're signing up for before you commit. I'm happy to walk through how different programs might work for your situation. Let's talk about which loan program 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
Matt LaRussa
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