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Mortgage Market Update
Tony Tehfe
Tony Tehfe
Tuesday, October 20, 2026
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Picking the right type of mortgage matters |
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Not all mortgages are built the same. The program you choose shapes how your payments work and how much flexibility you have 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
One of the biggest decisions you make isn't just about the interest rate—it's about the type of loan itself. A fixed-rate mortgage locks in your payment for the life of the loan, which means predictability and peace of mind. An adjustable-rate mortgage starts lower but can change over time, which might make sense if you're planning to move or refinance down the road. Government-backed loans like FHA or VA have different rules and benefits than conventional mortgages. Understanding which structure fits your situation—your timeline, your comfort with change, your financial goals—makes a real difference in how your mortgage works for you over the years. I'd like to walk you through what's available and what makes sense for where you are right now. Let's talk about which loan program fits your plans.
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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 Tony Tehfe team any time and we'll walk you through your options. |
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