Mortgage Market Update

Rita Rehana

Tuesday, October 20, 2026

Picking the right loan program for you

Not every mortgage is created equal. The program you choose can shape your entire borrowing experience.

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

When you're ready to buy or refinance, you'll hear terms like fixed-rate, adjustable-rate, FHA, VA, and conventional loans. Each one has different rules about down payments, credit requirements, and how your rate behaves over time. What works for your neighbor might not be the best fit for you—it depends on your timeline, budget, and how long you plan to stay in the home. Understanding which program matches your situation is one of the smartest moves you can make before you apply. I'm happy to walk you through how each one works and which might make sense for your goals.

If you'd like to explore which loan program could work best for your situation, let's talk.

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 Rita Rehana team any time and we'll walk you through your options.

Your Mortgage Advisor

Rita Rehana

rrehana@canopymortgage.com

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