Mortgage Market Update

Dawn Dawson

Tuesday, October 20, 2026

Which mortgage type fits your plan?

Not every mortgage works the same way, and the one you pick shapes how your payment behaves and what flexibility you have down the road. Here's what you should know.

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

Picking the right loan type matters more than you think

Not all mortgages work the same way, and choosing between a fixed rate, adjustable rate, or other loan program can mean real differences in your payment, flexibility, and long-term costs. The right choice depends on your timeline, how comfortable you are with change, and what your financial picture looks like over the next few years. If you're not sure which program fits your situation, or if you're wondering whether your current loan is still the best fit, it's worth a conversation. I can walk you through how different programs work and what trade-offs matter to you.

Let's talk about which loan program makes sense for 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 Dawn Dawson team any time and we'll walk you through your options.

Your Mortgage Advisor

Dawn Dawson

dawn.dawson@onerealmortgage.com

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