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Mortgage Market Update
Torben Berndt
Torben Berndt
Tuesday, October 20, 2026
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Picking the right loan program for you |
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Hi there. With so many mortgage options out there, it's easy to feel lost. Here's what you need to know about finding the right fit.
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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
Finding the right loan program for where you are
Not all mortgages work the same way, and the right one for you depends on your situation, not on what worked for someone else. Some borrowers benefit from fixed rates for predictability. Others have options like adjustable programs or specialized loans designed for specific circumstances. The program you choose affects not just your monthly payment, but how your loan behaves over time and what flexibility you have down the road. If you're buying for the first time, refinancing an existing loan, or exploring what's available to you now, it's worth having a conversation about which program actually aligns with your goals and timeline. Let's talk through which loan program makes sense for your next move.
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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 Torben Berndt team any time and we'll walk you through your options. |
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