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Mortgage Market Update
My Mortgage Company
Nicholas Akel — Nicholas Akel
Tuesday, October 20, 2026
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Which mortgage type is right for you? |
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Hi there. This week I want to break down something that often gets overlooked: the loan program itself matters just as much as the rate.
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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 decisions you'll make isn't just about the rate—it's about which type of loan fits your life. Fixed-rate mortgages lock in your payment for the entire loan term, which appeals to buyers who want predictability. Adjustable-rate mortgages start lower but can change over time, which might work if you're planning to move or refinance down the road. Then there are government-backed options like FHA or VA loans that open doors for borrowers who might not qualify elsewhere. The right choice depends on your timeline, risk tolerance, and financial goals. I'd love to walk you through what makes sense for your situation. Let's talk about which loan type aligns best with your plans.
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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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