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Mortgage Market Update
My Mortgage Company
Mike McBride
Tuesday, October 20, 2026
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Picking the right loan type for you |
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Not every mortgage is right for every person. Let me help you understand which loan program matches your needs and goals.
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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 situation
Not all mortgages are created equal, and the right one for you depends on your goals and timeline. A 30-year fixed loan offers predictability and lower monthly payments. A 15-year loan builds equity faster if you can handle a higher payment. Adjustable-rate loans (ARMs) can start lower but change over time—they work for some borrowers, not for others. And if you're a first-time buyer, a veteran, or buying in a rural area, you may qualify for programs designed specifically for you. The program you choose affects your payment, how much interest you pay over time, and your long-term financial picture. Let's talk through what makes sense for where you are right now. I'm happy to walk through your options—just reach out and we'll find the best fit.
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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
Mike McBride
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