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Mortgage Market Update
Jim Hoggan
Jim Hoggan
Tuesday, October 20, 2026
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Your mortgage might have a better option |
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I work with borrowers every week who are surprised to learn there are more paths than they realized. This week, let's talk about finding the one that fits you best.
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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
The loan program hiding in your options
Most people think about mortgages in one or two flavors—fixed or adjustable, conventional or FHA. But there's a whole toolkit of loan programs designed to solve specific problems: lower down payments, streamlined refinancing, programs for rural buyers, options for self-employed borrowers, and more. The right program for you depends on your situation, not on what worked for your neighbor. I've seen people pay more than they needed to simply because they didn't know a better option existed. A quick conversation about your goals—whether you're buying soon, refinancing, or just curious—can uncover a program that genuinely fits. Let me know what's on your mind. Reach out if you'd like to talk through which programs might work best for you.
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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 Jim Hoggan team any time and we'll walk you through your options. |
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