Mortgage Market Update

Tammy Saul

Tuesday, October 20, 2026

Which mortgage type is right for you?

Hi there — this week I want to talk about something that shapes your entire borrowing experience: the type of loan you choose.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

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

Not all mortgages are built the same

One of the most important choices you'll make as a borrower isn't about rates or lenders — it's about the type of loan itself. A 15-year mortgage, a 30-year fixed, an adjustable-rate loan, an FHA program — each one works differently and affects your monthly payment, total interest, and long-term flexibility in ways that matter. The right choice depends on your income stability, how long you plan to stay in your home, and your comfort with different payment structures. Many borrowers pick a loan type without understanding why, then later wish they'd explored other options. If you're buying soon or thinking about a refinance, it's worth a conversation about which program actually fits your situation best.

I'm happy to walk you through the loan options that make sense for where you are right now.

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 Tammy Saul team any time and we'll walk you through your options.

Your Mortgage Advisor

Tammy Saul

tsaul@federalhillmortgage.com

You are receiving this from Tammy Saul. Unsubscribe