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Mortgage Market Update
Bill Szlinis
Bill Szlinis
Tuesday, October 20, 2026
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One thing I see borrowers get wrong |
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Hi there. This week I want to touch on something that comes up a lot in my conversations with homeowners—and it's often an eye-opener.
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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
Why your neighbor's mortgage might not work for you
Everyone's situation is different—and that's exactly why there's no one-size-fits-all mortgage. The loan program that makes perfect sense for someone else might not be the right move for your goals, timeline, or financial picture. Maybe you need flexibility. Maybe you want the lowest payment possible. Maybe you're planning to stay put for decades, or maybe you might move in five years. The best loan type depends on what matters most to you, not what worked for someone else. If you've been curious about whether you're in the right program, or you're not sure what options exist for your situation, that's worth a conversation. I can walk you through what's available and help you understand which one actually fits your life. Let's talk through what 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 Bill Szlinis team any time and we'll walk you through your options. |
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