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Mortgage Market Update
Desiree Tyquiengco
Desiree Tyquiengco
Tuesday, October 20, 2026
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Picking the right loan type for your home |
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Hi there. This week I want to talk about something that doesn't always get the attention it deserves—the actual structure of your loan and how it shapes your financial picture.
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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
Which loan type fits your situation best?
Not all mortgages work the same way, and picking the right one matters more than you might think. Some borrowers benefit from fixed rates that never change. Others do better with adjustable terms, especially if they plan to move or refinance down the road. Government-backed loans have different rules than conventional ones. The program that makes sense depends on your timeline, how long you plan to stay in your home, and what you're comfortable with financially. I'd like to walk you through the options that apply to your specific situation—there's usually a better fit than you realize. Let's talk about which loan program could 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 Desiree Tyquiengco team any time and we'll walk you through your options. |
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