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Mortgage Market Update
Ryan Miller
Ryan Miller
Tuesday, October 20, 2026
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What type of mortgage are you in? |
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I get a lot of questions about rates and payments, but sometimes the real question is which loan program is actually the right fit.
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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
Not all mortgages work the same way
When you're shopping for a mortgage—whether it's your first or your fifth—the type of loan you choose shapes your entire borrowing experience. A fixed-rate mortgage locks in one payment for the life of the loan. An adjustable-rate mortgage may start lower but can change over time. Government-backed loans like FHA or VA have different rules and benefits than conventional mortgages. Each program has trade-offs, and what works for your neighbor might not be right for you. The goal is matching the loan to your situation: your timeline, how long you plan to stay, and what payment predictability means to you. I'm here to walk through the options and help you understand which program actually makes sense for your goals. Let's talk about which loan type fits your plan.
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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 Ryan Miller team any time and we'll walk you through your options. |
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