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Mortgage Market Update
Rob luliucci Rob luliucci
Rob luliucci
Tuesday, October 20, 2026
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The loan type you choose matters more than you think |
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Hi there. This week I want to walk you through something that doesn't get enough attention when people are mortgage shopping.
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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
One of the biggest decisions you'll make isn't just about the interest rate—it's about which type of loan fits your situation. Fixed-rate mortgages keep your payment stable for the life of the loan. Adjustable-rate mortgages may start lower but can change over time. Government-backed programs like FHA, VA, and USDA loans have different requirements and benefits. The right choice depends on how long you plan to stay, your risk tolerance, and what you can comfortably afford. I've seen borrowers save real money just by understanding which program matches their actual life plan, not someone else's. Let's talk about which loan type 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 Rob luliucci Rob luliucci team any time and we'll walk you through your options. |
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