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Mortgage Market Update
Brandon Work
Brandon Work
Tuesday, October 20, 2026
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Loan types matter more than you think |
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There's a lot of noise out there about rates and payments, but the structure of your loan is just as important. Here's what you need to know.
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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 are built the same
One of the biggest decisions you'll make isn't about the rate—it's about the loan type itself. A fixed-rate mortgage locks your payment in place for the life of the loan, which appeals to people who want predictability. An adjustable-rate mortgage typically starts lower but can change over time, which works for some borrowers but not others. Then there are options like FHA loans, conventional loans, and portfolio programs, each with different requirements and benefits. The right choice depends on your timeline, risk comfort, and financial situation. If you're not sure which path makes sense for you, I'd love to walk through your specific circumstances and show you what's actually available. Let's talk about which loan type fits 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 Brandon Work team any time and we'll walk you through your options. |
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