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Mortgage Market Update
My Mortgage Company
Quyen Nguyen — Quyen T Nguyen
Tuesday, October 20, 2026
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What loan program makes sense for you? |
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There's more to picking a mortgage than just the rate. This week, let's talk about loan programs and why the right choice depends on your unique 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
Not all mortgages work the same way
When you're shopping for a mortgage, the interest rate gets most of the attention—but the loan program itself matters just as much. Different programs come with different rules about how much you need down, what your credit score should be, whether you can take cash out, and how flexible the terms are. A program that works great for one borrower might not be the right fit for another. The best choice depends on your timeline, your down payment, your income, and what you're trying to accomplish. That's why I always spend time understanding your specific situation before recommending one path over another. If you're curious about what programs might actually make sense for you, I'd be happy to walk through the options. Let's talk about which program fits your goals best.
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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
Quyen Nguyen — Quyen T Nguyen
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