Mortgage Market Update

Joe Almeida

Tuesday, October 20, 2026

The loan type matters more than you think

Hi there. This week I want to dig into something borrowers don't always ask about until it's too late: which kind of mortgage actually works for your life.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

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.

Loan Programs

Not all mortgages work the same way

One of the biggest decisions you'll make isn't about the rate—it's about the loan type itself. A fixed-rate mortgage keeps your payment stable for the life of the loan, which works well if you plan to stay put or want predictability. An adjustable-rate mortgage might start lower, but your payment can change over time. Then there are specialty programs designed for specific situations: VA loans, FHA loans, jumbo loans, and portfolio loans all have different rules and benefits. The right choice depends on your timeline, risk comfort, and financial picture. If you're not sure which type makes sense for where you are right now, that's exactly what I'm here to walk you through.

Let's talk about which loan structure fits your goals best.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.	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).

2.	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.

3.	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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Joe Almeida team any time and we'll walk you through your options.

Your Mortgage Advisor

Joe Almeida

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