Mortgage Market Update

Andrew King

Tuesday, October 20, 2026

Which mortgage type fits you best?

Hi there. With so many mortgage options out there, it's easy to wonder which one is actually the right move for your situation.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

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.

Loan Program Fit

Picking the right loan type for your situation

Not all mortgages work the same way, and what's perfect for one borrower might not be ideal for another. Some people benefit from a fixed rate that never changes. Others do well with adjustable terms, especially if they plan to move or refinance down the road. Then there are options like FHA, conventional, VA, and USDA loans—each with different rules, requirements, and advantages depending on your down payment, credit history, military service, or property location. The right choice depends on your timeline, how long you plan to stay in the home, and what your finances can handle. If you're unsure which program makes sense for you, I'd be happy to walk through your options and explain the real trade-offs.

Let's talk about which loan program fits your goals.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.	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).

2.	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.

3.	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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Andrew King team any time and we'll walk you through your options.

Your Mortgage Advisor

Andrew King

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