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Mortgage Market Update
My Mortgage Company
Processor Pro - For Deletion
Tuesday, October 20, 2026
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Picking the right mortgage for your situation |
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Not every homeowner or buyer needs the same type of mortgage. Here's why the loan program you choose matters more than you might think.
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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
When a different loan type makes sense
Not all mortgages are built the same. Depending on where you are in your homeownership journey—whether you're buying for the first time, refinancing an existing loan, or tapping into equity—different loan programs can work better for your situation. Some programs offer flexibility if your credit is still building. Others reward you for a larger down payment. A few let you borrow against the home you've already paid into. The right choice depends on your goals, timeline, and what fits your finances today—not what worked for someone else. If you've never explored whether a different program might serve you better, it's worth a conversation. I can walk you through what's available and what each one actually means for your monthly payment and long-term costs. Let's talk about which loan program makes the most 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
Processor Pro - For Deletion
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