Mortgage Market Update

Option Mortgage

Tuesday, October 20, 2026

Which mortgage program is right for you?

Every borrower's situation is different, and so is the mortgage that works best for them. Here's what you should know about choosing the right loan program for your needs.

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

Understanding your loan options matters

Not all mortgages are the same, and the right loan program for one person might not be right for another. Whether you're a first-time buyer, refinancing, or buying again, you have choices—fixed-rate loans, adjustable-rate options, government-backed programs, and more. Each has different strengths depending on your situation, timeline, and comfort level. The program you choose affects your rate, your payment stability, and your long-term costs. Understanding what's available to you is the first step to making a decision you'll feel good about. I'd be happy to walk you through what makes sense for where you are right now.

Let's talk about which loan program fits your goals.

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 Option Mortgage team any time and we'll walk you through your options.

Your Mortgage Advisor

Option Mortgage

jarrod@optionmortgage.org

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