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Mortgage Market Update
My Mortgage Company
Future Mortgage (For Deletion)
Tuesday, October 20, 2026
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Different loans, different trade-offs |
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When it comes to mortgages, one size doesn't fit all. The loan type you pick shapes your entire experience as a homeowner.
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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 home or thinking about refinancing, the interest rate gets most of the attention. But the type of loan you choose matters just as much. Some programs offer lower rates if you can put down more money. Others let you start with a smaller down payment. Fixed rates give you stability; adjustable rates can mean lower payments early on. The right choice depends on how long you plan to stay in your home, what your cash flow looks like now, and how comfortable you are with change. A few minutes understanding your options could mean picking a loan that actually fits your situation instead of just the one that looks cheapest on day one. Let's talk about which loan program makes sense for where you are right 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
Future Mortgage (For Deletion)
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