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Mortgage Market Update
My Mortgage Company
Open Door Lending
Tuesday, October 20, 2026
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Why your loan might look different from a friend's |
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One question I hear often: "What's your best rate?" But the real answer usually starts with understanding your 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
Why your neighbor's mortgage deal might not be yours
Every borrower's situation is different—and that means the loan program that works best for you might not be the same one that works for someone else. Differences in credit, down payment, property type, timeline, and financial goals all point toward different solutions. One person might benefit from a conventional loan, while another gets a better outcome with an FHA or portfolio program. Some borrowers come out ahead with a lower rate; others do better with lower upfront costs. The key is figuring out what "better" actually means for your situation, not just chasing the lowest number you hear. I'd like to sit down and walk through your options so you know exactly what you're choosing and why. Let's talk about which loan program makes sense for your specific needs.
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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
Open Door Lending
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