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Mortgage Market Update
Marc Hayes
Marc Hayes
Tuesday, October 20, 2026
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Picking the right loan type matters |
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Hi there. Every mortgage is different—and not just in rate. Here's what you should know about the choices available 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
Not all mortgages work the same way
When you're shopping for a home or thinking about refinancing, the interest rate gets all the attention—but the type of loan you choose matters just as much. Different programs come with different rules about down payments, credit requirements, flexibility, and how your rate behaves over time. Some borrowers qualify for options they've never heard of. Others find that a program they ruled out years ago now makes sense for their situation. The right fit depends on your timeline, your finances, and what you're trying to accomplish. I've seen people save thousands by matching the right loan to their real goals instead of just picking the cheapest rate they can find. Let's talk about which programs actually fit your situation.
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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 Marc Hayes team any time and we'll walk you through your options. |
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