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Mortgage Market Update
My Mortgage Company
Kirk Alvarez
Tuesday, October 20, 2026
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Different mortgages, different outcomes |
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There's a lot more to choosing a mortgage than just the rate. This week I want to talk about loan programs—and why the right choice depends entirely on 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 work the same way
When you're shopping for a mortgage, it's easy to focus only on the interest rate. But the type of loan you choose matters just as much. Fixed-rate mortgages lock in one payment for life. Adjustable-rate loans start lower but can change over time. Some programs require less down, others reward a larger down payment. And if you're a first-time buyer, a veteran, or you're buying in a rural area, you may qualify for programs designed specifically for you. The right loan for your neighbor might not be the right loan for you. That's why it's worth having a real conversation about which program actually fits your situation, your timeline, and your comfort level. I'd love to walk through your options with you. Let's find the loan program that makes sense for you—reach out anytime.
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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
Kirk Alvarez
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