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Mortgage Market Update
My Mortgage Company
Wayne Lacy
Wednesday, October 21, 2026
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Which mortgage type is right for you? |
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Not every mortgage is built the same—and that matters more than you might think. Here's what you need to know about choosing the right fit.
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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
One of the biggest decisions you'll make isn't just about the interest rate—it's about which loan program fits your life. A fixed-rate mortgage keeps your payment steady for 15, 20, or 30 years. An adjustable-rate mortgage might start lower but can change over time. Government-backed loans like FHA or VA have different rules and benefits than conventional mortgages. Each one has trade-offs, and what's right depends on how long you plan to stay in your home, how comfortable you are with payment changes, and what your financial picture looks like right now. I'd love to walk you through the options and help you understand which direction makes sense for you. Let's talk about which loan program 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
Wayne Lacy
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