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Mortgage Market Update
My Mortgage Company
Anthony Alzate
Tuesday, October 20, 2026
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Loan type: why it's worth getting right |
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Hi there. This week I want to talk about something that doesn't get nearly enough attention when people are house hunting or considering a refinance—the actual structure of the loan itself.
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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 loan type matters more than you think
Not all mortgages work the same way, and the one that's right for you depends on your situation, your timeline, and what keeps you sleeping soundly at night. Some loans lock in your rate for the full term. Others adjust over time. Some require a larger down payment; others don't. Some make sense if you're staying put for decades; others reward you for moving sooner. The wrong choice can cost you thousands in interest or leave you house-poor. The right one gives you flexibility and peace of mind. If you're buying soon, refinancing, or just curious whether your current loan is still your best fit, I'd love to walk through your options and find what actually works for your life. Let's talk about which loan program fits you best.
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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
Anthony Alzate
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