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Mortgage Market Update
My Mortgage Company
Ron Gardiner
Tuesday, October 20, 2026
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Your mortgage has more options than you think |
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Hi there. I wanted to touch on something that comes up in almost every conversation I have with folks looking to buy or refinance.
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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 built the same
One thing I've learned talking with borrowers is that people often think there's only one type of mortgage out there. The truth is, loan programs come in different shapes and sizes, each with its own setup and tradeoffs. Some are designed to help first-time buyers with less down payment. Others work better if you're planning to stay in your home for decades. A few make sense if you expect your income to grow or you're juggling other financial priorities right now. The program that's right for you depends on your timeline, your down payment, and what feels comfortable for your situation. I'd love to walk you through what's actually available and which direction might make the most sense for where you are. Let's talk about which loan program fits your plans.
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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
Ron Gardiner
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