Mortgage Market Update

My Mortgage Company

Russ Cox

Tuesday, October 20, 2026

Picking the right mortgage type matters

There's a lot of mortgage terminology out there, and it can feel overwhelming. The good news is that once you understand the basics, it becomes much easier to make the right decision for your home.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

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.

Loan Programs

Not all mortgages work the same way

When you're shopping for a mortgage or thinking about refinancing, you'll hear terms like fixed-rate, adjustable-rate, FHA, conventional, and jumbo. They're not just labels—they're different tools with different costs, requirements, and ways they behave over time. The right program for you depends on your timeline, how much you're putting down, your credit, and what you expect to happen with rates. I've seen borrowers save real money just by choosing the program that actually fit their situation instead of picking one because they heard about it. If you're curious whether you're in the right loan type, or wondering what options might be available to you, I'd love to walk through them together.

Let's talk about which program makes sense for where you are.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.	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).

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Russ Cox

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