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Mortgage Market Update
Allen Reynolds
Allen Reynolds
Tuesday, October 20, 2026
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Picking the right loan type for your situation |
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There's more to choosing a mortgage than just the rate. This week, I want to break down why the type of loan you select matters.
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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
Why your loan type matters more than you think
When you're shopping for a mortgage, it's easy to focus only on the interest rate. But the type of loan you choose—fixed-rate, adjustable-rate, FHA, conventional, or another program—shapes your entire borrowing experience. Different programs offer different advantages depending on your situation: some lock in predictability, others offer flexibility or lower upfront costs. The right fit depends on how long you plan to stay in your home, your risk tolerance, and your financial goals. I'd be happy to walk you through which programs make sense for your specific circumstances. Let's explore which loan program is the best match for you.
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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 Allen Reynolds team any time and we'll walk you through your options. |
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