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Mortgage Market Update
My Mortgage Company
Ryan Zamudio
Tuesday, October 20, 2026
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Different loans, different results |
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There's more than one way to finance a home. Here's why the loan type you pick matters as much as the rate.
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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 all the attention. But the type of loan you choose matters just as much. A fixed-rate mortgage locks in the same payment for decades. An adjustable-rate loan might start lower but can change over time. Some programs are built for first-time buyers. Others reward those with substantial equity. The right fit depends on your timeline, risk comfort, and financial goals. Before you commit to any mortgage, it's worth understanding how these different structures actually work and which one aligns with your situation. Let's talk through which loan type makes sense for where you are today.
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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
Ryan Zamudio
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