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Mortgage Market Update
My Mortgage Company
Nolan Solano — HomeWise Capital Advisors
Tuesday, October 20, 2026
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Which mortgage type fits your situation? |
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Hi there. This week I want to walk you through something that doesn't always get the attention it deserves: choosing the right kind of mortgage for your life.
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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
Picking the right loan type matters more than you think
Not all mortgages work the same way, and choosing between a conventional loan, FHA, VA, or USDA program can mean the difference between a smooth closing and unnecessary stress. Each program has different rules about down payments, credit requirements, and what sellers or appraisers will accept. Some are built for first-time buyers; others reward those with military service or rural property. The best fit depends on your situation—not on which one sounds familiar or what a friend used. That's why I always encourage borrowers to talk through their options early, before they fall in love with a house and find out their chosen program won't work for it. Understanding what you qualify for and which program serves you best takes maybe 20 minutes and can save months of heartache. Let's talk through which program makes sense for your goals and circumstances.
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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
Nolan Solano — HomeWise Capital Advisors
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