Marysol Ruiz · October 20, 2026

The program matters as much as the rate

Mortgage Market Update

My Mortgage Company

Marysol Ruiz

Tuesday, October 20, 2026

The program matters as much as the rate

Every mortgage is different—not just in price, but in how it works. Here's why that distinction matters to you.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%
Rate trend

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 Program Fit

Not all mortgages work the same way

When you're shopping for a home or thinking about refinancing, the interest rate gets most of the attention—but the loan program itself matters just as much. Different programs come with different rules about down payments, credit requirements, timeline to close, and how flexible they are if your situation changes. A conventional loan works differently than an FHA loan, which works differently than a jumbo or portfolio loan. The right program for you depends on your timeline, how much you have saved, your credit profile, and your long-term plans. I've seen borrowers save money not just on rate, but by choosing the program that actually fits their life. Let's talk about which option makes the most sense for where you are right now.

Reach out if you'd like to explore which program might be the best fit for your situation.

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

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My Mortgage Company

Marysol Ruiz

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