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Mortgage Market Update
Marc Hayes
Marc Hayes
Tuesday, October 20, 2026
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Picking the right mortgage program for you |
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Hi there. This week I want to talk about something that often gets overlooked when people are shopping for a mortgage—the type of loan itself.
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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 Program Options
Why your loan type matters more than you think
Not all mortgages are built the same way. The program you choose—whether it's a conventional loan, an FHA loan, a VA loan, or something else—shapes your down payment requirements, your monthly costs, and what happens if life throws you a curveball. Many borrowers pick a program based on habit or what a friend did, without understanding how it actually fits their situation. The right program can mean thousands of dollars in difference over the life of your loan. Whether you're buying for the first time or refinancing, it's worth a conversation about which option aligns with your finances and goals. Let's talk about which loan program makes the most sense for 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 Marc Hayes team any time and we'll walk you through your options. |
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