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Mortgage Market Update
My Mortgage Company
Julia Davis
Tuesday, October 20, 2026
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Picking the right loan type for your situation |
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Hi there. This week I want to walk you through something that often gets overlooked—but shouldn't.
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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
Why your loan type matters more than you think
When you're shopping for a mortgage, it's easy to focus only on the interest rate. But the structure of your loan—whether it's a fixed-rate mortgage, an adjustable option, or something in between—shapes your entire borrowing experience. Different programs suit different situations. Someone staying in their home for decades has different needs than someone who might move in five years. Your credit profile, down payment, and financial goals all point toward the right fit. I see borrowers regret skipping this step because they didn't understand what they'd signed up for. Knowing your options upfront means you make a choice that works for your life, not just today's rate sheet. Let's talk about which loan program 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
Julia Davis
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