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Mortgage Market Update
My Mortgage Company
Carlos Rivera
Tuesday, October 20, 2026
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Which mortgage option is right for you? |
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There's more than one way to finance a home. Here's what you need to know about choosing the right loan for your situation.
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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
Not all mortgages work the same way
When you're ready to buy or refinance, one of the first decisions is which loan program fits your situation. Fixed-rate mortgages lock in your interest rate for the life of the loan—steady and predictable. Adjustable-rate mortgages may start lower but can change over time. FHA loans help borrowers with smaller down payments. VA loans offer benefits for those who've served. Conventional loans often come with their own advantages. The right choice depends on your timeline, how long you plan to stay in the home, and your comfort level with your monthly payment. I'm here to walk you through what each option means for your specific circumstances. Let's talk about which program makes sense for where you are right now.
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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
Carlos Rivera
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