Mortgage Market Update

Bright Mortgage

Wednesday, October 21, 2026

Which loan program is right for you?

There's more than one way to borrow for a home. Here's what you should know about your options.

National Mortgage Rates · October 20, 2026

Conventional 30-Year

7.33%

FHA 30-Year

7.13%

VA 30-Year

6.95%

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.

Loan Programs

Understanding your loan options matters

Not all mortgages are the same, and the right loan program for your situation depends on where you are in your homeownership journey. Whether you're a first-time buyer, refinancing an existing loan, or exploring a cash-out option, different programs have different features—fixed versus adjustable rates, down payment requirements, credit considerations, and more. Understanding what's available to you helps you make decisions that actually fit your life, not just what sounds cheapest today. The best program is the one that works for your timeline, comfort level, and financial goals. I'd be happy to walk through what might make sense for you.

Get in touch, and let's talk about which loan program fits your situation.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.	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).

2.	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.

3.	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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Bright Mortgage team any time and we'll walk you through your options.

Your Mortgage Advisor

Bright Mortgage

info@brightmortgage.com

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