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Mortgage Market Update
Denise Abarca
Denise Abarca
Tuesday, October 20, 2026
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Which loan type is actually right for you? |
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Hi there—this week I want to clear up something I hear confusion about all the time: the different kinds of mortgages out there.
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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
When you're ready to buy or refinance, you have real choices about the kind of loan you take on. Fixed-rate mortgages lock in your interest rate for the life of the loan—predictability matters when you're planning a budget. Adjustable-rate mortgages start lower but can shift over time. FHA loans work well for buyers with less cash saved. VA loans have their own advantages if you've served. Conventional loans suit different situations than jumbo loans do. The right program depends on your timeline, how long you plan to stay in the home, and what monthly payment works for your life. I'm here to walk you through what actually makes sense for your situation—not to push you toward what sounds fanciest. 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 Denise Abarca team any time and we'll walk you through your options. |
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