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Mortgage Market Update
My Mortgage Company
Tim Finn
Tuesday, October 20, 2026
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Which mortgage type is actually right for you? |
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There's no one-size-fits-all mortgage. I want to help you understand the options so you can make the choice that works best for your life.
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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
One of the biggest decisions you'll make isn't just about the rate—it's about which loan program fits your situation. Fixed-rate mortgages lock in the same payment forever, which gives you predictability. Adjustable-rate loans start lower but can change over time. There are programs designed for first-time buyers, others that work better if you're putting down a larger amount, and options that let you build equity faster or stretch your budget further. The right choice depends entirely on your timeline, how long you plan to stay in the home, and what kind of payment stability matters most to you. I'd love to walk through which program makes sense for where you are. Let's talk about which loan type aligns with your goals.
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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
Tim Finn
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