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Mortgage Market Update
My Mortgage Company
Colin Boyse
Tuesday, October 20, 2026
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Picking the right loan type for your situation |
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One of the most important decisions in the mortgage process isn't always the most talked about. Let me explain what I mean.
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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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Mortgage Basics
Why your loan type matters more than you think
When you're looking at mortgage options, it's easy to focus on the interest rate and monthly payment. But the structure of your loan — whether it's fixed-rate, adjustable, a government-backed program, or something else — shapes your financial life for years to come. Different loan types serve different situations. Some offer stability and predictability; others provide flexibility or lower upfront costs. The right choice depends on your timeline, your comfort with change, and what you plan to do with your home. I've seen borrowers save money and sleep better at night simply by choosing a loan structure that matched their real circumstances. If you're not sure which type makes sense for your situation, I'm happy to walk through the options with you. Let's talk about which loan program fits 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
Colin Boyse
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