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Mortgage Market Update
My Mortgage Company
Silvia McGeary with Unity Mortgage, LLC
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 talk about something that doesn't always get enough attention: the different kinds of mortgages available to you.
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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 are built the same
When you're ready to buy or refinance, you have real choices—and they matter more than you might think. Different loan programs come with different requirements, flexibility, and long-term costs. Some work better for first-time buyers. Others make sense if you're putting down a larger amount or have a shorter timeline in mind. Your credit profile, down payment size, and how long you plan to stay in your home all play a role in which option fits best. The right program for your neighbor might not be the right one for you. That's why it's worth having a conversation about what's actually available and how each one could work in your situation. I'd be happy to walk you through the programs that make 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
Silvia McGeary with Unity Mortgage, LLC
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