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Mortgage Market Update
My Mortgage Company
Nicholas Akel — Nicholas Akel
Tuesday, October 20, 2026
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Different loans, different rules |
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Hi there. This week I want to clear up something I hear questions about all the time: the difference between mortgage programs, and why it matters to your decision.
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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—before you even talk rates—is which loan program fits your situation. A fixed-rate mortgage locks in your payment for the full term. An adjustable-rate mortgage may start lower but can shift over time. FHA loans require less down but carry mortgage insurance. Conventional loans often need a larger down payment but offer more flexibility. VA and USDA programs serve specific borrowers with unique advantages. The right choice depends on how long you plan to stay, what you can afford upfront, and how comfortable you are with change. I'd love to walk through which program makes sense for where you are right now. Let's talk through which loan program could work best 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
Nicholas Akel — Nicholas Akel
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