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Mortgage Market Update
My Mortgage Company
Quyen Nguyen — Quyen T Nguyen
Tuesday, October 20, 2026
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Your loan type might not be the best fit anymore |
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Your financial life changes. Your mortgage should work with those changes, not against them.
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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 Program Fit
When a different loan type actually makes sense
Not every loan program works the same way for every borrower, and that's by design. Some people benefit from fixed rates; others from adjustable ones. Some qualify for specialized programs that carry different costs and flexibility than conventional loans. The right choice depends on your timeline, how long you plan to stay in the home, your comfort with payment changes, and what you can afford upfront. It's worth revisiting your loan type if your situation has shifted—a job change, a new timeline, an inheritance, or simply a better understanding of what you need. I'm happy to walk through what's available to you and why one option might fit better than another. Let's talk about whether your current loan is still the best fit for where you are 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
Quyen Nguyen — Quyen T Nguyen
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