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Mortgage Market Update
Hema Konki
Hema Konki
Tuesday, October 20, 2026
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Not all mortgages are built the same way |
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Hi there. I want to make sure you're in a loan program that actually makes sense for your life and your goals.
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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 Program Fit
Your mortgage doesn't have to look like your neighbor's
One of the biggest mistakes I see is borrowers forcing themselves into a loan program that doesn't actually fit their situation. Maybe you're picking a 30-year fixed because that's what you've heard of, when a different term or structure would cost you less over time. Or you're staying with an adjustable rate longer than makes sense for your plans. The right program depends on how long you'll keep the home, your comfort with different payment structures, and what fits your budget now and down the road. It's worth a conversation to make sure you're not just getting *a* mortgage—you're getting the one that works for you. I'm happy to walk through your options and what each one means for your situation. Let's find the program that fits your plan.
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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 Hema Konki team any time and we'll walk you through your options. |
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