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Mortgage Market Update
Thomas Malinoski
Thomas Malinoski
Tuesday, October 20, 2026
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Fixed, adjustable, or something else? |
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Hello! This week I want to cover something that gets overlooked in the rate conversation—the actual structure of your mortgage and how it affects your long-term 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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Mortgage Basics
Why your loan type matters more than you think
Most people focus on interest rates when shopping for a mortgage, but the type of loan you choose shapes your entire borrowing experience. Fixed-rate mortgages keep your payment stable for decades. Adjustable-rate loans start lower but can change over time. Government-backed programs like FHA or VA loans have different rules and benefits than conventional mortgages. Each has real trade-offs worth understanding before you commit. The right choice depends on your timeline, how long you plan to stay in your home, and what payment predictability means to you. I'm happy to walk you through how these options actually work in your situation. Reach out if you'd like to talk through which loan type might be the best fit 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 Thomas Malinoski team any time and we'll walk you through your options. |
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