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Mortgage Market Update
My Mortgage Company
Mauricio Valencia
Wednesday, October 21, 2026
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What kind of mortgage do you really have? |
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Not every mortgage loan is built the same. This week, let's talk about why that matters.
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National Mortgage Rates · October 20, 2026
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Conventional 30-Year
7.33%
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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
When you're shopping for a loan, the interest rate gets most of the attention—but the type of loan matters just as much. A fixed-rate mortgage, an adjustable-rate option, a jumbo loan, an FHA program—each one is built differently and works better for different situations. The right choice depends on how long you plan to stay in your home, how comfortable you are with payment changes, and what fits your financial picture today. I've seen borrowers save money and sleep better at night simply by understanding which program actually matched their needs instead of just picking the one with the lowest teaser rate. If you're curious about what's available to you, or wondering whether your current loan is still the best fit, let's talk through your options. I'm happy to walk you through what each program means for your specific 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
Mauricio Valencia
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