Thomas Harris · October 20, 2026

The loan program that's right for you

Mortgage Market Update

Thomas Harris

Thomas Harris

Tuesday, October 20, 2026

The loan program that's right for you

Not all mortgages are created equal. Let me explain why one-size-fits-all thinking can cost you time and money.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

Rate trend

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 Program Fit

Why your neighbor's loan might not work for you

Everyone's situation is different—and that's exactly why mortgage programs come in so many shapes. What works for someone with a large down payment, stable income, and perfect credit may not be the best path for you. The right program depends on where you are: how much you've saved, your credit history, your income situation, your timeline, and your long-term plans. I've seen borrowers save real money and avoid stress simply by matching the right program to their actual circumstances instead of chasing what worked for someone else. If you're curious whether your current loan is the best fit, or if you're thinking about buying soon, let's talk through what's available to you.

I'd be happy to walk through your options and explain which programs align with your goals.

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 Thomas Harris team any time and we'll walk you through your options.

Your Mortgage Advisor

T

Thomas Harris

Thomas Harris

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