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Mortgage Market Update
Jonathan Lee
Jonathan Lee
Tuesday, October 20, 2026
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Picking the right loan for your goals |
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There's more than one way to finance a home. This week I'm breaking down how to choose.
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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 works best for your situation?
Not all mortgages are created equal. Depending on where you are in your homeownership journey, different loan programs can offer real advantages. A conventional loan might make sense if you have solid credit and a larger down payment. FHA loans can work well for first-time buyers with less to put down. VA and USDA programs open doors for those who qualify. The key is matching the program to your actual circumstances—not just picking the one you heard about. The right fit can mean better terms, lower costs, or more flexibility. I'd be happy to walk you through what's available to you. Let's talk about which loan program fits your needs best.
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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 Jonathan Lee team any time and we'll walk you through your options. |
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