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Mortgage Market Update
My Mortgage Company
David Martel Powered By Barrett Financial Group
Tuesday, October 20, 2026
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Which mortgage type is right for you? |
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We spend a lot of time talking about rates around here, but there's more to a mortgage than the number.
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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 mortgage—or thinking about refinancing—the interest rate gets most of the attention. But the type of loan you choose matters just as much. Some loans let you lock in a rate for the full term. Others adjust over time. Some require a larger down payment; others don't. And some have flexibility built in if your life changes. The right loan for you depends on your timeline, how long you plan to stay in your home, and what fits your budget. I've seen borrowers save real money just by matching their situation to the right program. If you're curious what options might make sense for you, I'd be glad to walk through them. Let's talk about which loan program fits your plans.
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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
David Martel Powered By Barrett Financial Group
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