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Mortgage Market Update
My Mortgage Company
Edge Home Finance
Tuesday, October 20, 2026
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Your loan type matters more than you think |
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We talk about rates a lot because they matter. But today I want to zoom out and discuss something that often gets overlooked: the structure of your loan itself.
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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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Smart Money
Why your loan type shapes your financial future
When you're shopping for a mortgage, it's easy to focus only on today's rate and payment. But the loan type you choose — fixed-rate versus adjustable, 15-year versus 30-year, conventional versus government-backed — affects not just your monthly cost, but your flexibility, risk, and wealth-building years down the road. A fixed-rate loan gives you payment stability and predictability. An adjustable option might start lower but introduces uncertainty. A shorter term builds equity faster; a longer one keeps payments manageable. There's no one-size-fits-all answer, but there is a right choice for your situation. I'd love to walk through what makes sense for you. Let's talk about which loan structure fits your goals best.
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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
Edge Home Finance
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