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Mortgage Market Update
KATY BETCHER
Katy Betcher
Tuesday, October 20, 2026
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Your mortgage shape matters more than you think |
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A lot of borrowers ask me which mortgage is "best." The honest answer is: it depends on your life. Here's what I mean.
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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 work the same way
One of the biggest decisions you'll make isn't just about the interest rate—it's about the loan program itself. Fixed-rate mortgages lock in your payment for the full term. Adjustable-rate mortgages start lower but can change over time. Some programs let you put down less upfront. Others reward you for a larger down payment. The right fit depends on how long you plan to stay in your home, how comfortable you are with payment changes, and what works for your cash flow today. I'd love to walk you through the options that align with your actual situation, not just the one that looks best on paper. Let's find the program that makes sense for where you are right now.
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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 KATY BETCHER team any time and we'll walk you through your options. |
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