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Mortgage Market Update
My Mortgage Company
Q Mortgage
Tuesday, October 20, 2026
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Picking the right loan type matters |
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Every mortgage isn't the same, and that's actually good news. The key is finding the structure that works for your life, not just your credit score.
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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
Which loan type actually fits your life
There's no single 'best' mortgage—there's the best one for you. Fixed-rate loans lock in predictability. Adjustable-rate options may start lower but shift over time. Government-backed programs (FHA, VA, USDA) have different rules and benefits depending on your situation. Some borrowers benefit from shorter loan terms; others need the breathing room of a longer one. The right choice depends on your timeline, risk tolerance, and financial goals. I've seen borrowers save real money just by matching their loan type to their actual plans instead of picking what worked for someone else. If you're unsure what makes sense for your situation, I'd like to walk through the options with you. Let's talk about which loan program aligns with your goals.
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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
Q Mortgage
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