Mortgage Market Update

Justin Oliver

Tuesday, October 20, 2026

Picking the right loan type for you

Not all mortgages are created equal. The program you choose affects your payment, flexibility, and long-term costs.

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

Your loan type matters more than you think

When you're shopping for a mortgage, it's easy to focus only on interest rates. But the type of loan you choose—fixed-rate, adjustable-rate, FHA, conventional, VA—shapes your entire borrowing experience. Each program has different rules about down payments, credit requirements, how long your rate is locked in, and what happens to your payment over time. The right fit depends on your timeline, risk tolerance, and financial picture. If you're not sure which program makes sense for your situation, or if you're wondering whether you could qualify for something better than you thought, I'd love to walk through your options with you.

Let's talk about which loan program might work best 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 Justin Oliver team any time and we'll walk you through your options.

Your Mortgage Advisor

Justin Oliver

Justin@LoomisHomeMortgage.com

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