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Mortgage Market Update
Michael Medina
Michael Medina
Tuesday, October 20, 2026
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Picking the right loan program for you |
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I've noticed a lot of focus on rates this week, which makes sense. But there's another piece of the puzzle that deserves your attention too.
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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
Not all mortgages work the same way
When you're shopping for a mortgage or thinking about refinancing, the interest rate gets most of the attention. But the loan program itself matters just as much. Different programs have different rules about down payments, credit requirements, how long you have to pay back the loan, and what happens if rates move. A program that's perfect for one borrower might not be right for another. The good news is that options exist for almost every situation—whether you're a first-time buyer, self-employed, buying a second home, or looking to tap into your equity. Understanding which program fits your goals and circumstances means you'll make a smarter decision and feel confident about it. Let's talk about which loan program makes 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 Michael Medina team any time and we'll walk you through your options. |
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