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Mortgage Market Update
Amy Velsh
Amy Velsh
Tuesday, October 20, 2026
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Your loan type matters more than you think |
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Hi there—I want to shed light on something that gets overlooked in mortgage conversations. Not every loan is built the same way, and that affects far more than just your monthly payment.
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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
When you're ready to buy or refinance, the type of loan you choose matters as much as the interest rate. Fixed-rate loans, adjustable-rate mortgages, FHA programs, conventional loans—each one has different rules, costs, and long-term effects on your payment. Some borrowers benefit from flexibility; others sleep better with predictability. The right choice depends on your timeline, risk tolerance, and financial goals. I often see people focus only on today's rate and miss the bigger picture. Let's talk about which loan structure actually fits your situation best. Reach out if you'd like to explore which loan type makes sense for your goals.
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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 Amy Velsh team any time and we'll walk you through your options. |
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