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Mortgage Market Update
Barrett Financial
Barrett Financial
Tuesday, October 20, 2026
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Loan types: which one fits your situation |
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Hi there. This week I want to touch on something that can feel confusing but really matters: picking the right mortgage structure for your needs.
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National Mortgage Rates · October 19, 2026
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Conventional 30-Year
7.32%
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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
Why your loan type matters more than you think
When you're focused on finding the right home, the details of your loan can feel like background noise. But your mortgage structure—whether it's a fixed rate, adjustable rate, or something else—shapes your finances for years to come. Different programs work for different situations: some borrowers benefit from stability and predictability, while others might find flexibility useful if their plans are likely to change. The key is understanding what each type actually means for your monthly payment, long-term costs, and peace of mind. I'd love to walk you through what makes sense for your specific situation and goals. Let's talk about which loan program fits your life—reach out anytime.
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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 Barrett Financial team any time and we'll walk you through your options. |
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