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Mortgage Market Update
My Mortgage Company
Jake Yates
Tuesday, October 20, 2026
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Picking the right loan type for you |
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Every borrower's situation is different, and that's why loan options exist. But knowing which one to choose can be confusing.
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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
One of the biggest surprises I see is how many homeowners don't realize they have options beyond a standard 30-year fixed loan. Depending on your situation—whether you're buying, refinancing, or looking to lower your payment—different loan types can work very differently for your goals. Some people benefit from adjustable rates early on. Others do better with shorter terms if they plan to stay put. And some borrowers qualify for programs they didn't know existed. The right choice depends on your timeline, how much you plan to move, and what your cash flow looks like. If you've never talked through the full menu of what's available to you, it might be worth an hour of your time. I can walk you through the real pros and cons—not the sales pitch—so you can decide what actually makes sense. Let's talk about which loan type fits your situation 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
Jake Yates
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