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Mortgage Market Update
Collin Johnson
Collin Johnson
Tuesday, October 20, 2026
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Finding the right loan for your circumstances |
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Every borrower's situation is different, and that includes the loan program that works best for you. This week, let's cover why that matters.
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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
The loan type that might fit your life right now
When you're shopping for a mortgage, it's easy to think all loans are basically the same. They're not. Different loan programs exist because different borrowers have different needs—and what worked for your neighbor might not be your best move. Some programs offer flexibility if your income varies. Others reward you for a larger down payment. Some are built for first-time buyers; others make sense if you're planning to move in a few years. The right choice depends on your timeline, your financial picture, and what kind of stability you need. That's why I always recommend talking through your actual situation before settling on a loan type. Let me know what your priorities are, and we can explore which program genuinely aligns with where you are. Let's talk about which loan program makes the most sense for your situation.
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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 Collin Johnson team any time and we'll walk you through your options. |
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