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Mortgage Market Update
Brett Stratton
Barrett Financial Group
Tuesday, October 20, 2026
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Why loan length matters more than you think |
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Hello, I wanted to cover something that comes up in nearly every conversation I have with borrowers. Your choice of loan structure affects your finances for years to come.
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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
One of the biggest questions I hear is: "What's the difference between a 15-year and 30-year mortgage?" The answer matters because it shapes your entire payoff timeline and monthly budget. A shorter loan means you build equity faster and pay less interest overall — but your payment each month is higher. A longer loan spreads things out, keeping payments lower, though you'll pay more interest over time. Neither is wrong; it depends on your income, your goals, and what you're comfortable with. There are also adjustable-rate loans, fixed-rate options, and programs designed for specific situations. The right choice is personal to you, not universal. If you're curious about which structure fits your life best, I'd be happy to walk you through the trade-offs.
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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 Brett Stratton team any time and we'll walk you through your options. |
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2701 East Insight Way suite 150, Chandler, AZ 85286
+1 214-709-1484 | https://brettstratton.theradcrm.com/homepage
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