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Mortgage Market Update
Cat Barnett
Cat Barnett
Tuesday, October 20, 2026
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Picking the right loan type for your situation |
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There's more to a mortgage than just the interest rate. The structure of your loan shapes your entire borrowing experience.
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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 loan type matters more than you think
Not all mortgages work the same way, and the program you choose can affect your monthly payment, long-term costs, and flexibility down the road. Some loans offer lower starting rates but can adjust over time. Others lock in your payment for the life of the loan. Some programs require a larger down payment; others don't. The right fit depends on your timeline, risk comfort, and how long you plan to stay in your home. If you've never walked through your loan options side by side, or if your situation has changed since you last borrowed, it's worth a conversation. I'm happy to explain how different programs might work for you.
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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 Cat Barnett team any time and we'll walk you through your options. |
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(720) 300-6777 | www.LoanFIT.us
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