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Mortgage Market Update
Tyler Burns
Lifestyle Lending
Tuesday, October 20, 2026
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Picking the right type of mortgage |
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Hi there. Every mortgage isn't created equal—and the one that looks best on paper might not be the right fit for your life.
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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 is which type of loan fits your situation best. Fixed-rate mortgages lock in your payment for the entire life of the loan—steady, predictable, no surprises. Adjustable-rate mortgages start lower but can change over time. Government-backed loans (FHA, VA, USDA) have their own rules and benefits. First-time buyers often have different options than repeat buyers. The right choice depends on how long you plan to stay, your risk tolerance, and what you can afford today and tomorrow. It's worth talking through your actual life plan, not just chasing the lowest opening rate. I'm here to walk through what makes sense for you. Let's discuss which loan structure aligns with your goals.
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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 Tyler Burns team any time and we'll walk you through your options. |
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