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Mortgage Market Update
Troy Holm
Troy Holm
Tuesday, October 20, 2026
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The loan type you pick really does matter |
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Hi there — I want to talk about one of the most important choices you'll make in your mortgage process, and honestly, it doesn't get enough attention.
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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
Your loan type matters more than you think
Not all mortgages are built the same way, and the one that works best for your neighbor might not be right for you. Some borrowers benefit from fixed-rate stability. Others find flexibility in adjustable options. Some qualify for government-backed programs that lower their upfront costs. The right choice depends on your timeline, risk comfort, and financial goals — not on what's trendy. I see borrowers regret picking a loan type without understanding how it actually works or fits their life. Taking time to match your situation to the right structure now saves stress and money later. Let's talk through what makes sense for where you are. Reach out and we can walk through which loan structure fits 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 Troy Holm team any time and we'll walk you through your options. |
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