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Mortgage Market Update
Gaston Garrido
Gaston Garrido
Tuesday, October 20, 2026
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Your loan type matters more than you think |
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Hi there. Every mortgage isn't created equal—and that's a good thing. The right loan structure can make a real difference in your financial flexibility down the road.
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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
When you're shopping for a home or thinking about refinancing, the interest rate gets most of the attention. But the type of loan you choose matters just as much. Fixed-rate mortgages, adjustable-rate options, and government-backed programs each have different strengths depending on your situation, timeline, and comfort level with payment changes. Understanding which program fits your life isn't just about the number on the rate sheet—it's about choosing the mortgage that actually works for you. If you're wondering whether you're in the right loan type, or if something else might serve you better, I'd love to walk through your options. Let's talk about which loan program makes the most sense for 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 Gaston Garrido team any time and we'll walk you through your options. |
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