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Mortgage Market Update
My Mortgage Company
Liz Rich — Elizabeth Rich
Tuesday, October 20, 2026
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Your mortgage options might be different |
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A lot of borrowers don't realize how many paths there are to homeownership. Let's talk about finding the one that works for you.
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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 loan might not be yours
One of the things I've learned talking to homeowners is that people often assume everyone's mortgage works the same way. They don't. Depending on where you are in your financial life, your credit history, how much you're putting down, and what you're buying, you might qualify for different loan programs than someone else—and those differences matter. Some programs offer more flexibility on credit, others reward a larger down payment, and some are designed specifically for first-time buyers. The right program for you isn't about what's popular; it's about what actually fits your situation and gives you the best terms you can get. If you'd like to know which programs you might qualify for, I'd be happy to walk through your options.
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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
Liz Rich — Elizabeth Rich
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