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Mortgage Market Update
My Mortgage Company
Dallas Rutherford
Tuesday, October 20, 2026
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Not all mortgages are created equal |
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Hi there. This week I want to touch on something that gets overlooked but really shouldn't: the type of loan you choose.
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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
Why your loan type matters more than you think
Not all mortgages work the same way, and the program you choose affects more than just your interest rate. Some loans offer flexibility if your life changes—the ability to skip a payment, adjust your term, or tap into equity later. Others come with built-in protections or lower upfront costs. The right fit depends on your timeline, how long you plan to stay in the home, and what matters most to you financially. If you've never really understood the differences between the options available to you, it's worth a conversation. I can walk you through which program actually makes sense for your situation—not just what sounds cheapest today. Let's talk about which loan program is the best match for your goals.
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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
Dallas Rutherford
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