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Mortgage Market Update
My Mortgage Company
Dwayne Bull
Tuesday, October 20, 2026
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Picking the right mortgage program |
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There's more to choosing a mortgage than just the rate. Let me break down why the loan program itself deserves your attention.
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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 are created equal
When you're shopping for a mortgage, the interest rate gets most of the attention—but the loan program you choose matters just as much. Different programs have different rules about down payments, credit requirements, how much you can borrow, and what happens if rates move before you close. Some programs work better if you're a first-time buyer. Others make sense if you have a larger down payment saved. Some offer built-in flexibility that others don't. The right program for your neighbor might not be the right one for you. That's why it's worth having a real conversation about which option actually fits your situation, your timeline, and your financial goals. I'm happy to walk you through what's available and help you understand the trade-offs. Let's talk about which program makes the most sense for you.
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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
Dwayne Bull
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