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Mortgage Market Update
Cheyene DeWeese
Cheyene DeWeese
Tuesday, October 20, 2026
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Loan type matters more than rate alone |
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Not all mortgages are created equal. The program you choose affects your flexibility, costs, and peace of mind for years to come.
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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
Why your loan type matters more than you think
When you're shopping for a mortgage, it's easy to focus only on the interest rate. But the loan program itself — whether it's a conventional loan, FHA, VA, USDA, or another option — shapes your entire borrowing experience. Different programs have different requirements, flexibility, and long-term costs. Some might require a larger down payment but offer better terms. Others make sense if you have less-than-perfect credit or are buying in a rural area. The right program for you depends on your situation, not just the lowest rate you can find. I'd love to walk you through your options and explain which programs you actually qualify for. Let's talk about which loan program makes the most sense for 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 Cheyene DeWeese team any time and we'll walk you through your options. |
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