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Mortgage Market Update
Bianca Lopez
Bianca Lopez
Tuesday, October 20, 2026
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Picking the right type of loan matters |
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Every mortgage isn't the same, even when the rate is. Here's what I mean, and why it matters for your decision.
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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
Not all mortgages are created equal
When you're looking at a mortgage, the interest rate gets most of the attention—but the loan program itself matters just as much. Fixed-rate loans, adjustable-rate options, government-backed programs, portfolio loans—each one is designed for a different financial situation and time horizon. What works for your neighbor might not be the best fit for you. The right program depends on how long you plan to stay in the home, how comfortable you are with payment changes, and what your down payment and credit situation look like. I'd encourage you to think beyond the rate alone and ask about what programs might actually align with your real life and goals.
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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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