Mortgage Market Update

My Mortgage Company

Tom Ahles

Tuesday, October 20, 2026

Your loan type does more than you think

Hi there—this week I want to clear up something that gets overlooked in the mortgage conversation. Your loan program is just as important as your rate.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

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.

Loan Programs

What your loan type really controls

When you're shopping for a mortgage, the conversation often centers on rates—but your loan program choice matters just as much. Whether you go with a fixed-rate loan, an adjustable option, or a government-backed program, each one creates different advantages and trade-offs for your situation. Fixed rates give you payment stability. Adjustable loans might start lower but can change over time. FHA, VA, and USDA programs open doors for borrowers who might not qualify elsewhere. The right choice depends on your timeline, risk comfort, and how long you plan to stay in the home. I'd love to walk you through which programs actually make sense for where you are right now.

Let's talk through which loan type fits your goals.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.	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).

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Tom Ahles

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