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Mortgage Market Update
My Mortgage Company
Philip Ganz
Tuesday, October 20, 2026
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Different mortgages, different results |
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One of the biggest misconceptions I run into is that all mortgages work the same way. They don't. Here's what matters.
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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 misconceptions I run into is that a mortgage is a mortgage—pick a rate, sign the papers, done. In reality, the type of loan you choose shapes your entire borrowing experience. Some programs lock in your payment for the full term. Others let you start lower and adjust over time. Some require a larger down payment; others don't. Your credit profile, timeline, and comfort with risk all play a role in which program makes sense for you. The right fit isn't always the flashiest rate—it's the one that actually aligns with your life. I'd love to walk you through what's available and what might work best for your situation. Let's talk through which loan program fits you best.
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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
Philip Ganz
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