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Mortgage Market Update
Bill Szlinis
Bill Szlinis
Tuesday, October 20, 2026
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Why loan type matters more than you think |
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One of the best investments I make is helping borrowers understand their options before they commit. This week I want to touch on something I see trip people up—picking a mortgage program that looked good on paper but didn't match their real 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 Program Fit
Picking the wrong loan type costs you later
Not all mortgages work the same way, and choosing one that doesn't match your situation can mean paying more interest, higher monthly payments, or less flexibility down the road. Some borrowers need fixed stability; others benefit from adjustable terms. Some have room to put down more; others need to preserve cash. The right loan program for your neighbor might be the wrong one for you. That's why it's worth having a real conversation about what your finances look like, where you see yourself in five or ten years, and what matters most to you—whether that's the lowest payment, predictability, or having options. I'm here to walk through the trade-offs and help you land on a program that actually fits. Let's talk about which loan structure makes the most sense for 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 Bill Szlinis team any time and we'll walk you through your options. |
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