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Mortgage Market Update
My Mortgage Company
Kim A. Bryant
Tuesday, October 20, 2026
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FHA, conventional, or ARM—which one is right? |
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Hi there. This week I want to break down the different types of mortgages and help you figure out which one fits your needs best.
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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 fits your situation?
Not all mortgages are the same, and the right one depends on your goals and timeline. Fixed-rate loans lock in your payment for the life of the loan—predictable and simple. Adjustable-rate mortgages start lower but can change over time, which works well if you plan to sell or refinance before rates adjust. Government-backed programs like FHA and VA loans have their own advantages for eligible borrowers. The loan type you choose now shapes your monthly payment, flexibility down the road, and long-term costs. Understanding the differences helps you make a choice that aligns with your actual plans, not just today's rate. I'd love to walk you through what each option means for your specific situation. Let's talk about which loan program makes the most sense for you.
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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
Kim A. Bryant
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