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Mortgage Market Update
Megan Maruna
Barrett Financial Group
Tuesday, October 20, 2026
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Your mortgage type matters more than you think |
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Hi there. There's a lot more to choosing a mortgage than just the rate.
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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 decisions you make isn't just about the interest rate — it's about which type of loan fits your life. A fixed-rate mortgage keeps your payment stable for decades. An adjustable-rate loan might start lower but can change over time. Some programs let you put down less upfront. Others reward a larger down payment with better terms. The right choice depends on how long you plan to stay, what your budget can handle, and what gives you peace of mind. I help borrowers match their situation to the loan that actually makes sense for them, not just the one that sounds good on paper. Let's talk about which loan program might work best 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 Megan Maruna team any time and we'll walk you through your options. |
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