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Mortgage Market Update
My Mortgage Company
Chris Butler
Tuesday, October 20, 2026
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Picking the right loan type for your situation |
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Not all mortgages work the same way. Here's why the program you choose matters just as much as the rate.
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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
When you're shopping for a mortgage, it's easy to focus only on the interest rate. But the type of loan you choose shapes your entire borrowing experience—from how your payment works to what happens if rates move. Fixed-rate loans lock in predictability. Adjustable options can start lower but change over time. Government-backed programs like FHA or VA have different rules and benefits than conventional loans. Each one serves different goals and different borrowers. The right choice depends on your situation: how long you plan to stay, your comfort with payment changes, and what you qualify for. I'd love to walk you through which program makes sense for your specific circumstances. Let's talk about which loan structure fits your needs 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
Chris Butler
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