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Mortgage Market Update
Jasmine Wright
Mortgages the Wright Way
Tuesday, October 20, 2026
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Does your loan type still fit your life? |
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Hi there. I've been thinking about the borrowers I work with and how often the loan they started with isn't the same one they need five years later—but they don't always realize it.
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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
One of the questions I get most often is whether a borrower is on the right loan type for their situation. Some people are locked into fixed rates when an adjustable option might have made sense; others refinanced into a program that doesn't match their plans. The mortgage you have today may have made perfect sense when you got it—but your life changes, rates move, and what worked then might not work now. It's worth taking a step back to understand what you're actually in and whether a different structure might serve you better going forward. That's not always about refinancing; sometimes it's just about clarity. If you've been in your loan a while or you're curious whether your current program still fits your goals, let's talk through it. I can walk you through what you have and what else might be available to you. Reach out anytime you want to review what you're in and explore whether something different makes sense.
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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 Jasmine Wright team any time and we'll walk you through your options. |
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