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Mortgage Market Update
My Mortgage Company
Power Lending
Tuesday, October 20, 2026
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What type of loan makes sense for you? |
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Everyone's mortgage story is different. This week, I want to help you think through which loan program actually matches your needs.
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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
Which loan type actually fits your situation?
There's no one-size-fits-all mortgage. Fixed-rate loans lock in your payment for the life of the loan, which gives you predictability and peace of mind. Adjustable-rate options may start lower but can change over time. Government-backed programs like FHA or VA loans have different qualification rules and benefits. Conventional loans follow their own path. The right choice depends on how long you plan to stay in your home, your tolerance for payment changes, and what you qualify for. I've found that borrowers who understand their options—not just their rate—sleep better at night. Let's talk about which structure makes sense for your goals and timeline. Reach out, and we can walk through what each option means for your situation.
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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
Power Lending
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