|
Mortgage Market Update
Mark Succarotte
The Succarotte Team
Tuesday, October 20, 2026
|
Your mortgage doesn't have to be one-size-fits-all |
|
Hi there. This week I want to walk you through something I think gets overlooked too often.
|
|
National Mortgage Rates · October 16, 2026
|
Conventional 30-Year
7.28%
|
|
| |
|
%22%2C%22fill%22%3Atrue%2C%22tension%22%3A0.4%2C%22pointRadius%22%3A4%2C%22pointBackgroundColor%22%3A%22%233b5bdb%22%2C%22borderWidth%22%3A2%7D%5D%7D%2C%22options%22%3A%7B%22plugins%22%3A%7B%22legend%22%3A%7B%22display%22%3Afalse%7D%7D%2C%22scales%22%3A%7B%22y%22%3A%7B%22ticks%22%3A%7B%22callback%22%3A%22function(v)%7Breturn%20v%2B%5C%22%25%5C%22%7D%22%2C%22color%22%3A%22%23666%22%7D%2C%22grid%22%3A%7B%22color%22%3A%22rgba(0%2C0%2C0%2C0.06)%22%7D%7D%2C%22x%22%3A%7B%22grid%22%3A%7B%22display%22%3Afalse%7D%2C%22ticks%22%3A%7B%22font%22%3A%7B%22size%22%3A11%7D%2C%22color%22%3A%22%23666%22%7D%7D%7D%7D%7D&w=520&h=180&bkg=white&f=12) |
|
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 work the same way
I talk to a lot of people who assume a mortgage is a mortgage—fixed rate, 30 years, done. But the truth is, there are several loan types out there, and the right one for you depends on your situation, how long you plan to stay in your home, and what kind of payment predictability matters to you. Some programs offer lower starting rates but payments that adjust over time. Others lock everything in from day one. Some have flexibility built in; others don't. The good news is that understanding your options doesn't have to be complicated. It just means having a real conversation about what works for your life—not what works for someone else. That's where I come in. Let's talk about which program might be the best fit for you.
|
|
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 Mark Succarotte team any time and we'll walk you through your options. |
|
|
You are receiving this from The Succarotte Team. Unsubscribe
|