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Mortgage Market Update
Matthew Chauncey
Matthew Chauncey
Tuesday, October 20, 2026
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One mortgage doesn't fit everyone |
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Hi there—I've been thinking about how often borrowers assume there's only one type of mortgage that works for them. That's rarely true.
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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 neighbor's mortgage might work differently than yours
Not all mortgages are built the same way—and that's actually good news. Depending on your situation, you might qualify for a program with a lower down payment, a shorter payoff timeline, or terms that fit your life better than a standard 30-year loan. First-time buyers have options that experienced homeowners might not know about. Someone with an existing mortgage can sometimes access programs that borrowers without equity can't. The right program isn't just about the rate; it's about what you can actually afford and what makes sense for where you are right now. If you've never really explored what programs you might qualify for, it's worth a conversation. Let me help you see what's possible. Reach out and we can walk through which programs make sense for your situation.
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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 Matthew Chauncey team any time and we'll walk you through your options. |
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