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Mortgage Market Update
High Lakes Lending, LLC
High Lakes Lending, LLC
Saturday, October 17, 2026
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Which loan type fits you best? |
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Hi there,
One question I get often is whether borrowers have picked the right type of mortgage for their life.
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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
Picking the right loan type for your situation
Not all mortgages work the same way, and the program that's perfect for your neighbor might not be the best fit for you. Some borrowers benefit from fixed rates for peace of mind; others find adjustable options valuable for their timeline. Government-backed programs can open doors for first-time buyers or those with less-than-perfect credit. Conventional loans work well when you have solid financial footing. The program you choose affects your payment, flexibility, and long-term costs—sometimes significantly. The key is matching the loan type to how long you plan to stay in the home, your comfort with payment changes, and what your finances can actually support. If you're not sure which direction makes sense, that's exactly the kind of conversation I enjoy having. Let's talk through your specific situation. Reach out, and we can walk through which program aligns with 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 High Lakes Lending, LLC team any time and we'll walk you through your options. |
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