Mortgage Market Update

Matthew Bramow

Tuesday, October 20, 2026

What type of mortgage are you looking at?

Hi there. This week I want to walk you through something that often gets overlooked: the program itself.

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

Not all mortgages work the same way

One of the most important choices you make isn't about the rate—it's about the type of loan itself. Fixed-rate mortgages, adjustable-rate options, FHA loans, conventional financing, and portfolio programs all have different rules, timelines, and costs. The right fit depends on your timeline, how long you plan to stay in the home, and what you can afford today versus down the road. I've worked with borrowers who saved money by choosing a different program structure, and others who avoided surprises by understanding their loan upfront. Before you commit to any mortgage, it's worth having a conversation about which type actually matches your real situation.

Let's talk through which loan program makes sense for you.

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 Matthew Bramow team any time and we'll walk you through your options.

Your Mortgage Advisor

Matthew Bramow

mike.ross@modelmtg.com

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