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Mortgage Market Update
Guillermo Ley
Guillermo Ley
Tuesday, October 20, 2026
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Finding the right mortgage for your situation |
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Not all mortgages are created equal, and the type you choose affects more than just your monthly payment. Here's what homeowners should know.
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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 loan, the interest rate grabs your attention—but the type of mortgage matters just as much. Different programs come with different rules about how long you lock in your rate, how much you put down, and what flexibility you have down the road. Some borrowers benefit from programs designed for first-time buyers. Others do better with options that let them build equity faster or adjust over time. The right fit depends on your timeline, your financial picture, and what you're trying to accomplish with your home. I can walk you through what's actually available to you and why one program might make more sense than another for your situation. Let's talk about which mortgage structure fits 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 Guillermo Ley team any time and we'll walk you through your options. |
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