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Mortgage Market Update
Lester Marcano
Lester Marcano
Tuesday, October 20, 2026
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Loan type — worth understanding yours |
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Each week I share insights on mortgages and homeownership to help you make informed decisions. This week, let's look at why the structure of your loan 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
Why your loan type matters more than you think
Not all mortgages work the same way, and choosing between fixed-rate, adjustable-rate, or other loan structures can shape your finances for years. A fixed-rate mortgage keeps your payment stable no matter what happens to the market—predictability that many borrowers value. Adjustable-rate loans may start lower, but they can change over time, which works for some situations and not others. The right choice depends on how long you plan to stay in your home, your comfort with payment changes, and what you can afford if rates shift. I'd be happy to walk through how different loan types might fit your specific situation. Reach out this week if you'd like to talk through which loan structure makes sense 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 Lester Marcano team any time and we'll walk you through your options. |
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