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Mortgage Market Update
Craig Heitz
Craig Heitz
Tuesday, October 20, 2026
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Your loan type explained (and why it matters) |
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There's more to choosing a mortgage than just the rate. The type of loan you pick affects everything else that follows.
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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
Why your loan type matters more than you think
Not all mortgages work the same way. The loan you choose shapes your payment, your flexibility, and how much interest you'll pay over time. Some programs offer stability; others give you room to move. Some suit people staying put for decades; others work better for those who might relocate or refinance down the road. Understanding what you're actually borrowing—and why—is one of the clearest ways to make sure your mortgage fits your real life, not just your budget today. If you're not sure whether your current loan is still the right fit, or you're shopping for a home and wondering which type makes sense, let's talk through your situation together. Reach out anytime—I'm here to walk through the options that make 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 Craig Heitz team any time and we'll walk you through your options. |
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