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Mortgage Market Update
Derek Niday
The Niday Lending Team
Tuesday, October 20, 2026
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Which loan type fits your plan? |
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Not every mortgage is built the same. This week, let's look at how loan programs work and why picking the right one matters to you.
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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
The loan program that might fit your situation better
Not all mortgages work the same way, and that matters. Whether you're buying, refinancing, or exploring your options, the right loan program can mean the difference between a payment you're comfortable with and one that stretches your budget. Some programs offer flexibility early on. Others reward you for staying put. A few work best if you're planning to move in a few years. The program that made sense for your neighbor might not be right for you—and that's okay. That's actually why this conversation is worth having. I'd like to walk you through what's available and what might align with how you actually live and plan ahead. Let's talk about which loan program could work best for your next move.
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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 Derek Niday team any time and we'll walk you through your options. |
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