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Mortgage Market Update
Erez Shimoni
Erez Shimoni
Sunday, October 18, 2026
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Asking prices fall, sellers flood the market |
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This week brought some shifting signals in the housing market—and some of it might actually work in your favor. Here's what changed and what it means for your wallet.
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National Mortgage Rates · October 20, 2026
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Conventional 30-Year
7.33%
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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
Which loan program actually fits your life?
Not all mortgages are the same, and the one that works for your neighbor might not work for you. Beyond the fixed-versus-adjustable question, there are different loan programs designed for different situations—whether you're a first-time buyer, you have a unique credit history, you're self-employed, or you're buying a property that doesn't fit the standard mold. The right program can mean the difference between a smooth process and a frustrating one. It's worth having a real conversation about what you're trying to do and what makes sense for your specific circumstances, not just picking whatever sounds familiar.
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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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Redfin
After months of steady increases, home sellers are starting to lower their asking prices. This marks a meaningful shift in market momentum and suggests sellers may finally be adjusting to slower buyer demand.
| Key takeaway: falling asking prices give you more room to negotiate and could mean better value if you're shopping now. |
Read full article →
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Redfin
For the first time in over a decade, there are significantly more homes for sale than there are serious buyers looking to purchase. This supply-demand imbalance is the widest gap since the post-recession housing crash.
| Key takeaway: a buyer's market like this hasn't existed in years—it shifts negotiating power firmly into your court if you're ready to make a move. |
Read full article →
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HousingWire
Click the link below to read the full article.
| Key takeaway: if you've been waiting on the sidelines hoping rates would fall, watching economic news over the next few weeks could help you time your move. |
Read full article →
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Mortgage News Daily
National home prices continue to edge higher, with summer data showing slightly faster annual appreciation than earlier in the year. However, the gains are modest by historical standards and look less impressive when adjusted for inflation.
| Key takeaway: prices aren't soaring like they did a few years ago, which is more realistic for long-term homeowners and first-time buyers alike. |
Read full article →
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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 Erez Shimoni team any time and we'll walk you through your options. |
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6 Wills Way, Piscataway, NJ 08854
908-705-5882 | www.applywitherez.com
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