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Mortgage Market Update
Elijah Bernhardt
Elijah Bernhardt
Tuesday, October 20, 2026
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Not all mortgages are created equal |
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A lot of people think mortgage shopping is just about rate shopping. But which loan program you choose matters just as much—and it's completely personal to your circumstances.
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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
Which loan type actually fits your situation?
There's no one-size-fits-all mortgage. The right loan program depends on your down payment, how long you plan to stay in your home, your comfort with payment changes, and your financial goals. A 30-year fixed works well for stability and predictability. Adjustable programs or shorter terms might make sense if you're planning to sell or refinance sooner. First-time buyers often qualify for programs with lower down payments. If you own a home already, you might have options tied to your equity or your current loan type. The best fit is the one that matches your real life and plans—not what looks cheapest on paper today. I'd love to walk you through what's available for your specific situation. Reach out and let's talk through which program makes the most sense for you.
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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 Elijah Bernhardt team any time and we'll walk you through your options. |
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