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Mortgage Market Update
Rafi Hatamian
Phast Funding
Tuesday, October 20, 2026
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Loan type matters—here's why |
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There's more to choosing a mortgage than just finding the lowest rate. The type of loan you pick shapes your payment stability, flexibility, and long-term costs.
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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 one that was right for your neighbor might not be right for you. Fixed-rate loans lock in your payment for the life of the loan—predictable and simple. Adjustable-rate loans may start lower but can change over time. Government-backed programs like FHA or VA have different rules and benefits than conventional loans. The best fit depends on how long you plan to stay in your home, your tolerance for payment changes, and your financial picture. I'd be happy to walk you through what each type means for your situation and help you understand which makes sense for your goals. Let's talk about which loan program aligns with your plans.
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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 Rafi Hatamian team any time and we'll walk you through your options. |
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(310) 849-1450
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