Mortgage Market Update

My Mortgage Company

Michael Vetri

Tuesday, October 20, 2026

Your mortgage type shapes everything

Hi there. This week I want to pull back and talk about something foundational—the kind of loan you have matters a lot more than many borrowers realize.

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

Why your loan type matters more than you think

Not all mortgages work the same way. Fixed-rate loans lock in your payment for the life of the loan—predictable and stable. Adjustable-rate loans may start lower but can change over time. Government-backed programs like FHA, VA, and USDA have different rules, benefits, and requirements than conventional loans. The right choice depends on your timeline, risk tolerance, and financial picture. If you're house hunting, refinancing, or just curious about what you're carrying, understanding your loan type helps you make smarter decisions down the road. I'd be happy to walk you through what makes sense for your situation.

Let's talk about which loan program 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

Michael Vetri

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