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Mortgage Market Update
Derek Niday
The Niday Lending Team
Tuesday, October 20, 2026
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Which loan program fits your life? |
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Not every mortgage is built the same way—and that's by design. This week I'm breaking down why the right loan program matters.
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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 life better
Not all mortgages work the same way, and that's actually good news. Depending on where you are in your financial life—whether you're buying your first home, relocating for work, or trying to lower your payment—there may be a loan program designed to fit your specific situation better than a standard option. Some programs offer flexibility with down payments; others prioritize stability through fixed rates or shorter terms. The program that makes sense for your neighbor might not be right for you, and that's completely normal. The key is understanding what you're trying to accomplish and then matching it to a program built for that goal. I'd love to walk through what's available to you. Let's talk about which loan program aligns with where you are right now.
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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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