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Mortgage Market Update
Eric Neal
Eric Neal
Tuesday, October 20, 2026
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What your mortgage type really means for you |
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Every borrower's situation is different, which is why there's more than one way to finance a home. Let me break down how loan choice matters.
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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
Your loan type shapes your financial future
When you're shopping for a mortgage, the choice between a fixed-rate loan, an adjustable-rate mortgage, or a specialized program can feel overwhelming. But here's what matters: your loan type doesn't just affect your payment this month—it shapes how your finances work over years or decades. A fixed rate gives you predictability and peace of mind. An adjustable rate might offer a lower starting payment, but comes with the risk that payments could rise later. Other programs, like FHA or VA loans, have their own rules and advantages depending on your situation. The right choice depends on your timeline, your comfort with risk, and your long-term plans for the home. I'd love to walk you through how different loan types would actually work for you. Let's find the loan structure that makes sense for 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 Eric Neal team any time and we'll walk you through your options. |
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