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Mortgage Market Update
Chris Opfer
Christopher R Opfer
Tuesday, October 20, 2026
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What type of loan are you actually in? |
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Hi there. This week I want to talk about one of the most important choices you make when you get a mortgage—and one that a lot of people don't fully understand.
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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
Which loan type fits your situation?
Not all mortgages work the same way, and the right program for your neighbor might not be the right one for you. Some borrowers benefit from fixed rates for stability and predictability. Others find adjustable options suit their plans if they know they'll sell or refinance down the road. There are programs designed for first-time buyers, programs that require larger down payments but offer different terms, and options for those with unique financial pictures. The goal is matching the loan to your actual timeline and comfort level—not just picking the cheapest starting payment. If you're curious whether your current loan is still the best fit, or you're starting fresh and want to understand your real options, I'm happy to walk you through how each type works and what makes sense for where you are right now. Let's find the loan program that works for your life.
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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 Chris Opfer team any time and we'll walk you through your options. |
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