Mortgage Market Update

My Mortgage Company

Brian Irby

Tuesday, October 20, 2026

Which mortgage type fits your plan

There's more than one way to finance a home, and picking the right structure matters. Here's what you should know.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

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.

Loan Programs

Not all mortgages work the same way

If you've been shopping around or talking to lenders, you might notice that mortgage options vary more than you'd think. Fixed-rate loans, adjustable rates, government-backed programs, portfolio loans — each one has different rules about down payments, credit requirements, timelines, and how your payment behaves over time. What works beautifully for one borrower might not be the best fit for another, even if you're buying similar homes. Understanding which program aligns with your situation — how long you plan to stay, your comfort with rate changes, your down payment size — can make a real difference in your costs and peace of mind. I'm happy to walk you through the options that make sense for your goals.

Let's talk about which loan program might be the right match for you.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.	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).

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Brian Irby

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