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Mortgage Market Update
Rachel Weaver
Rachel Weaver
Tuesday, October 20, 2026
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Picking the right loan type for your situation |
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Hello! This week I'm sharing something that affects your entire mortgage journey—and it's worth getting right from the start.
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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 every mortgage is the same, and the type you choose shapes your financial picture for years to come. Fixed-rate loans lock in stability—your payment never changes, which makes budgeting predictable. Adjustable-rate mortgages often start lower but can shift over time. Then there are programs designed for first-time buyers, those with smaller down payments, or borrowers working around credit challenges. Each has real trade-offs. The right choice depends on your timeline, risk comfort, and how long you plan to stay in your home. If you're unsure which loan type aligns with your situation, I'd love to walk you through your options and help you see the full picture. Reach out and let's talk about which loan structure makes 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 Rachel Weaver team any time and we'll walk you through your options. |
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