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Mortgage Market Update
My Mortgage Company
Annika Harris
Tuesday, October 20, 2026
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Which loan program is right for you? |
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There's more to picking a mortgage than rate shopping. The type of loan you choose affects your payment, flexibility, and long-term costs in real ways.
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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 or thinking about refinancing, the interest rate gets most of the attention—but the loan program itself shapes your whole experience. Fixed-rate mortgages lock in your payment for the life of the loan. Adjustable-rate mortgages start lower but can change later. Some programs let you put down less money upfront. Others are built for people rebuilding credit or jumping into homeownership for the first time. The right program for you depends on your timeline, risk tolerance, and financial goals. If you're not sure which one makes sense for your situation, I'd love to walk through your options with you. Let's talk about which loan program fits your needs.
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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
Annika Harris
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