Mortgage Market Update

Abiel Sanchez

Tuesday, October 20, 2026

Picking the right loan type for your life

One of the biggest decisions in getting a mortgage isn't about money—it's about choosing the right loan program. The details matter more than many borrowers realize.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

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.

Loan Programs

Why your loan type matters more than you think

Not all mortgages work the same way, and the loan program you choose shapes your costs, flexibility, and risk over decades. Fixed-rate loans keep your payment stable no matter what happens with market rates—a huge advantage if you plan to stay put. Adjustable-rate programs may start lower, but they shift with the market later. Government-backed loans (FHA, VA, USDA) have different requirements and benefits than conventional mortgages. The right choice depends on your timeline, risk tolerance, and how long you see yourself in the home. I'm happy to walk you through the tradeoffs so you pick the program that actually fits your life.

Let's talk about which loan program makes sense for your situation.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.	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).

2.	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.

3.	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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Abiel Sanchez team any time and we'll walk you through your options.

Your Mortgage Advisor

Abiel Sanchez

abiel.sanchez@onerealmortgage.com

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