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Mortgage Market Update
Joe Edwards
Joe Edwards
Tuesday, October 20, 2026
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Which mortgage type is right for you? |
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Hi there. This week I want to talk about something foundational: the different kinds of mortgages out there, and why the choice matters more than you might think.
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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 things I talk about most is how different loan programs can change what's actually possible for you. A fixed-rate mortgage locks your payment in place for the life of the loan. An adjustable-rate mortgage may start lower but can move over time. Some programs are built for first-time buyers. Others reward you for having built equity. The right choice depends on your timeline, comfort with payment changes, and how long you plan to stay. There's no single "best" mortgage—only the best fit for your situation. If you're not sure which program makes sense for where you are now, I'd love to walk through your options. Let's talk about which loan program fits your goals.
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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 Joe Edwards team any time and we'll walk you through your options. |
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