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Mortgage Market Update
Albert Miller
Albert Miller
Tuesday, October 20, 2026
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Not all mortgages work the same way |
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One of the most common misconceptions I run into is that there's only one type of mortgage out there. The truth is more flexible than that.
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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
Why your neighbor's mortgage might not be yours
Not all mortgages are created equal—and that's actually good news for you. Depending on where you are in life, your credit profile, how much you've saved, and what you're trying to accomplish, different loan programs can open doors that might otherwise stay closed. A first-time buyer might benefit from one program; a long-time homeowner with strong equity might qualify for something entirely different. The program that works for your situation could mean a lower payment, better terms, or the ability to buy sooner than you thought possible. If you've never talked through which loan type actually fits your goals, it's worth an honest conversation. I can walk you through what's available and what makes sense for where you stand right now. Let's talk about which mortgage option works best for your situation.
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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 Albert Miller team any time and we'll walk you through your options. |
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