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Mortgage Market Update
Allie Stevens
Allie Stevens
Tuesday, October 20, 2026
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Which mortgage program makes sense for you? |
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Hi there. I've noticed a lot of people assume all mortgages are basically the same—they're really not.
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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 neighbor's mortgage might not work for you
Everyone's financial picture is different—and that's why there's no one-size-fits-all mortgage. What works perfectly for someone else might not align with your timeline, down payment, credit history, or long-term plans. Some programs favor first-time buyers. Others reward those with substantial equity or a longer job history. Some prioritize lower upfront costs; others focus on the lowest possible rate. The right choice depends entirely on your situation. Before you assume you know which loan program makes sense, it's worth having a real conversation about your actual circumstances and goals. I can walk you through what's available and why one option might serve you better than another. Let's talk about which program fits your life—reach out whenever you're ready.
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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 Allie Stevens team any time and we'll walk you through your options. |
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