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Mortgage Market Update
Michael Medina
Michael Medina
Tuesday, October 20, 2026
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Picking the right loan type for your situation |
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One of the biggest decisions in a mortgage is often overlooked: the type of loan itself. Let me break down why it matters.
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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
Not all mortgages work the same way. The difference between a fixed-rate loan and an adjustable one, or between a 15-year and 30-year term, can reshape your finances for years. Each has real tradeoffs—some give you payment stability, others build equity faster or cost less upfront. The right choice depends on your timeline, risk tolerance, and plans for the home. If you've never walked through these options, or if your situation has changed since you last borrowed, it's worth a conversation. I can help you understand which structure actually fits your life. Let's talk about which loan type makes sense for you—reach out anytime.
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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 Michael Medina team any time and we'll walk you through your options. |
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