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Mortgage Market Update
Lisa Zamora
Lisa Zamora
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 doesn't always get enough attention when people are mortgage shopping: the loan program itself.
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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 program you choose early on can shape your finances for years. Some loans offer flexibility if rates drop. Others let you build equity faster or carry lower costs upfront. A few are designed specifically for first-time buyers or rural properties. The right fit depends on your timeline, how long you plan to stay in your home, and what kind of payment predictability matters most to you. I've seen borrowers save money and stress simply by matching their situation to the right loan structure—not just chasing the lowest rate in isolation. If you're curious whether your current loan is still working for you, or you're shopping for the first time and want to understand your real options, let's talk through what makes sense. Reach out and we can walk through which loan program might fit 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 Lisa Zamora team any time and we'll walk you through your options. |
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