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Mortgage Market Update
My Mortgage Company
James Zeller
Tuesday, October 20, 2026
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What type of mortgage makes sense for you? |
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There's more to choosing a mortgage than rate shopping. Today I want to talk about why the loan program itself matters just as much as the numbers.
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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
Most people focus on interest rates when they're shopping for a mortgage, but the loan program you choose shapes your entire borrowing experience. Fixed-rate mortgages lock in predictability. Adjustable options might start lower but change over time. Government-backed programs like FHA or VA loans serve specific borrowers with different benefits. ARM loans, portfolio products, and specialized programs each have their moment—depending on your timeline, risk comfort, and financial picture. The right choice isn't about finding the absolute lowest number; it's about finding the program that fits how you actually live. If you're not sure which type makes sense for your situation, I'd love to walk through your options with you. Let's talk about which loan program is the right fit for 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
James Zeller
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