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Mortgage Market Update
Eric Painter
Eric Painter
Tuesday, October 20, 2026
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Your mortgage has more options than you think |
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Hi there. Not every mortgage is created equal, and the program you choose can have a big impact on your finances over time.
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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 shopping for a home or thinking about your current mortgage, the loan program you choose matters as much as the rate itself. Some programs let you put down less money upfront. Others reward you for a larger down payment. A few are built for first-time buyers, while some make sense if you're buying again. Your credit profile, how long you plan to stay in the home, and your comfort with different payment structures all play a role in which program fits best. I've seen borrowers save real money—not just on rates, but on the overall cost of borrowing—by choosing the right structure for their situation. If you're curious whether your current loan is still the best fit, or you're starting to explore options, let's talk through what's available to you. Reach out and we can walk through which programs make the most 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 Eric Painter team any time and we'll walk you through your options. |
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