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Mortgage Market Update
Mayra Stewart
Mayra Stewart
Tuesday, October 20, 2026
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Picking the right mortgage type matters |
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Some weeks I hear the same question phrased different ways: 'What kind of mortgage should I get?' The answer depends on your life, not just the numbers.
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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 ready to buy or refinance, you have choices—and they matter more than you might think. Different loan programs come with different rules about down payments, credit requirements, how long you have to repay, and how your rate behaves over time. A fixed-rate mortgage works one way; an adjustable-rate mortgage another. Some programs are built for first-time buyers; others reward those with substantial equity. The right program for your neighbor might not be the right one for you. That's why I always start conversations by understanding your situation—how long you plan to stay in the home, your comfort with risk, what you can put down—before recommending a path forward. There's no one-size-fits-all answer here, and that's actually good news for you. Let's talk about which loan program aligns best 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 Mayra Stewart team any time and we'll walk you through your options. |
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