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Mortgage Market Update
Eric Maza
Eric Maza
Tuesday, October 20, 2026
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The loan program question most borrowers overlook |
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Hi there. This week I want to talk about something that doesn't always get the attention it deserves.
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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 program matters more than you think
When you're shopping for a mortgage, it's easy to focus only on the interest rate. But the type of loan you choose—fixed versus adjustable, conventional versus government-backed, 15-year versus 30-year—shapes your entire borrowing experience. Different programs work better for different situations. Someone planning to stay in their home long-term has different needs than someone who might move in five years. Your credit profile, down payment size, and risk tolerance all play a role in which program makes the most sense. The right program can mean lower costs, more flexibility, or better protection down the road. I'd be happy to walk through which options fit your specific 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 Eric Maza team any time and we'll walk you through your options. |
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