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Mortgage Market Update
My Mortgage Company
Tom Stafford's Office Line/CRM
Tuesday, October 20, 2026
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Your loan program matters more than you think |
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I work with borrowers at every stage — some refinancing, some buying for the first time. One thing I've noticed: the loan program you choose often matters more than people realize.
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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
When you're shopping for a mortgage, the interest rate gets most of the attention — but the loan program you choose shapes your whole borrowing experience. Some programs offer flexibility if rates drop. Others lock in predictability from day one. Some let you build equity faster; others keep your early payments lower. The right fit depends on your timeline, risk tolerance, and financial goals. I've seen borrowers save thousands by simply choosing the program that matched their actual life, not just the one with the lowest rate that week. If you're curious whether your current loan is still the best fit, or you're exploring options before buying, let's talk through what's really available to you. Reach out and we can review what program makes sense for your situation.
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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
Tom Stafford's Office Line/CRM
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