Mortgage Market Update

My Mortgage Company

Celia White

Tuesday, October 20, 2026

What kind of mortgage makes sense for you?

Hi there. This week I want to circle back to something that matters more than most borrowers realize: the type of loan you choose in the first place.

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

Which loan type fits your situation?

Not all mortgages are the same, and the right loan for your neighbor might not be the right one for you. Some borrowers do best with a fixed rate that stays the same for 15 or 30 years. Others benefit from adjustable rates early on, or specialized programs designed for first-time buyers, veterans, or rural properties. The program you choose affects your monthly payment, how much you can borrow, and what happens to your rate down the road. Before you assume you know which path to take, it's worth having a conversation about what exists and what makes sense given your timeline, budget, and comfort level. I'm here to walk through the options with you—no pressure, just clarity.

Let's talk about which loan program might work best for your goals.

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

Celia White

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