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Mortgage Market Update
Brandt Myers
Brandt Myers
Tuesday, October 20, 2026
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What type of mortgage makes sense for you? |
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Hi there. I want to share something that doesn't always get enough attention when people are shopping for a home.
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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 built the same
One of the biggest decisions you'll make isn't just about the rate—it's about which loan structure makes sense for your life. Some borrowers do best with a fixed rate that never changes. Others benefit from an adjustable rate early on, or a shorter loan term that builds equity faster. Then there are programs designed for first-time buyers, those with less-than-perfect credit, or people with a larger down payment to put down. The right choice depends on how long you plan to stay in your home, what your cash flow looks like, and how comfortable you are with payment uncertainty. I'm here to walk through the options with you and help you understand the trade-offs so you pick the program that actually fits your situation. Let's talk about which loan program might work best for you.
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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 Brandt Myers team any time and we'll walk you through your options. |
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