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Mortgage Market Update
Dawn Dawson
Dawn Dawson
Tuesday, October 20, 2026
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Picking the right loan type for your situation |
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When you're buying a home or refinancing, it's easy to get tunnel vision on rates. But the kind of loan you choose matters just as much—sometimes more.
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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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Mortgage Basics
Why your loan type matters more than you think
Most people focus on interest rates when they're shopping for a mortgage, but the type of loan you choose shapes your finances for years. A fixed-rate mortgage keeps your payment stable no matter what happens to the market. An adjustable-rate loan might start lower but can climb over time. Some programs work better if you're planning to move in five years; others make sense if you're staying put. The right choice depends on your timeline, risk tolerance, and how comfortable you are with payment changes. If you're not sure which loan program fits your situation, I'd be happy to walk through the options and explain how each one could play out for your specific goals. Let's talk about which loan structure makes the most sense for where you are right now.
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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 Dawn Dawson team any time and we'll walk you through your options. |
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