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Mortgage Market Update
Evan Karr
Evan Karr
Tuesday, October 20, 2026
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Picking the right loan type for your situation |
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Hi there. This week I want to talk about something that gets overlooked more often than it should: the type of mortgage you actually get.
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National Mortgage Rates · October 19, 2026
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Conventional 30-Year
7.32%
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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 type matters more than you think
Not all mortgages are the same, and the one you pick affects way more than just your interest rate. The type of loan you choose determines how your payment stays stable (or doesn't), what flexibility you have later, and how much of your payment goes toward building equity. A fixed-rate loan keeps the same payment forever. An adjustable-rate mortgage may start lower but can change after an initial period. Government-backed loans like FHA or VA have their own rules and benefits. The right choice depends on how long you plan to stay, your risk tolerance, and what makes sense for your situation. I'd love to walk through the options with you. Let's talk about which loan type fits your goals best.
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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 Evan Karr team any time and we'll walk you through your options. |
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