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Mortgage Market Update
Rafael Santos
Rafael Santos
Tuesday, October 20, 2026
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What type of mortgage works best for you? |
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Hi there—I'm sharing what I see in conversations with borrowers this week. This one comes up often, and it matters more than you'd think.
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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
Which loan type actually fits your situation?
Not all mortgages are built the same, and the right one for your neighbor might not be right for you. Some borrowers benefit from fixed rates that lock in predictability. Others have flexibility in their timeline or income that opens up different options. The loan program you choose affects your monthly payment, how long you're paying, what happens if rates move, and what you qualify for in the first place. I often sit down with clients who've been shopping rates without considering whether they're looking at the right product for their goals. If you're thinking about buying, refinancing, or just curious whether your current loan is still your best fit, let's talk through what's actually available to you. Reach out anytime—I'm happy to walk through which programs make sense for where you are.
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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 Rafael Santos team any time and we'll walk you through your options. |
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