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Mortgage Market Update
My Mortgage Company
Nicholas Akel — Nicholas Akel
Tuesday, October 20, 2026
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Picking the right mortgage type matters |
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One of the most important decisions in a mortgage isn't talked about nearly enough. Here's what you need to know.
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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 or thinking about refinancing, the interest rate gets most of the attention—but the loan program itself matters just as much. Different programs come with different rules around down payments, credit requirements, how long you have to repay, and even how your payment is structured. Some programs reward you for staying put; others offer flexibility if life throws you a curveball. A program that's perfect for one borrower might not make sense for another. Understanding which program fits your situation—and your plans—is where real clarity happens. I'd love to walk you through what's available to you and why one might stand out. Let's talk about which loan program makes the most sense 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
Nicholas Akel — Nicholas Akel
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