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Mortgage Market Update
CHRIS MILLER
Chris Miller
Tuesday, October 20, 2026
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Finding the right mortgage for your goals |
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Every borrower's situation is different, and your loan program should reflect that. Here's why the fit matters more than you might think.
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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 loan program should match your plan
Not all mortgages are built the same, and choosing the right one means the difference between a loan that works for you and one that works against you. Some programs favor people staying put long-term. Others reward those who plan to move or refinance sooner. Some let you build equity faster; others prioritize lower monthly payments. The catch: what's best depends on your actual situation—your timeline, how much you plan to pay down, whether rates might matter to you in five years or ten. I see borrowers pick a loan program based on what their friend used or what sounds cheapest at first glance. That's how you end up with a mismatch. Let's talk about what you're really trying to do with this home, and I can walk you through which program actually serves that goal. Reach out if you'd like to explore which program makes the most sense 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 CHRIS MILLER team any time and we'll walk you through your options. |
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