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Mortgage Market Update
Brenda Rodriguez
Brenda Merecka Rodriguez
Tuesday, October 20, 2026
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Picking the right type of mortgage |
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Hi there. This week I want to walk you through loan programs—because the type of mortgage you choose matters as much as the rate 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 Programs
Not all mortgages work the same way
One of the biggest decisions you make as a borrower isn't about how much to borrow—it's about which type of loan fits your life. A fixed-rate mortgage keeps your payment locked in forever. An adjustable-rate loan might start lower but can change over time. Some programs are built for first-time buyers. Others reward people with solid equity or strong credit. The program you choose shapes your monthly payment, your long-term costs, and your peace of mind. If you're buying, refinancing, or just wondering whether your current loan is still the right one, it's worth understanding what options exist and which might actually make sense for where you are right now. Let's talk through which loan structure could work best for 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 Brenda Rodriguez team any time and we'll walk you through your options. |
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