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Mortgage Market Update
My Mortgage Company
LokelList
Tuesday, October 20, 2026
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Picking the right loan type for your goals |
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There's more than one way to finance a home, and the program you choose shapes your whole mortgage journey. Let's talk about what matters most for your situation.
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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
Which loan type fits your situation best?
Not all mortgages work the same way, and picking the right program matters more than you might think. Fixed-rate loans lock in your payment for the life of the loan, giving you predictability and peace of mind. Adjustable-rate mortgages start lower but can change over time. Government-backed loans like FHA, VA, and USDA have different rules and benefits depending on who you are and where you're buying. Some borrowers benefit from one; others need a completely different approach. The best fit depends on your timeline, how long you plan to stay in the home, and what payment stability means to you. If you're not sure which program aligns with your goals, I'd love to walk through your options with you. Reach out, and we can talk through which loan type makes the most sense for where you are right now.
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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
LokelList
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