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Mortgage Market Update
Bianca Lopez
Bianca Lopez
Tuesday, October 20, 2026
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Picking the right type of mortgage |
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Not all mortgages are created equal, and that matters more than most people realize. Here's what you should know.
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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
Why your loan type matters more than you think
Not all mortgages work the same way, and the one you choose affects your finances for decades. Fixed-rate loans lock in predictability—your payment stays the same. Adjustable-rate mortgages may start lower but can change over time. Some programs are built for first-time buyers; others reward those with solid equity or income. The right fit depends on how long you plan to stay, how comfortable you are with potential payment shifts, and what your financial picture looks like right now. Picking the wrong program can cost you flexibility or money. I'm happy to walk you through which option actually makes sense for your situation.
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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 Bianca Lopez team any time and we'll walk you through your options. |
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2701 East Insight Way, Suite 150, Chandler, AZ 85286
(520) 907-2520 | https://themortgagehomemaker.com/
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