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Mortgage Market Update
Stephen Bellew
Stephen Bellew
Tuesday, October 20, 2026
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The loan type question most people skip |
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One of the best decisions you'll make as a borrower happens before rates even matter. I'm thinking about loan structure—the choices that shape how your mortgage actually works.
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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
Why your loan type matters more than you think
Not all mortgages work the same way, and the program you choose affects a lot more than just your interest rate. Some loans offer flexibility if life changes—like the ability to skip a payment or adjust terms. Others lock in certainty from day one. A few come with built-in protections or options that can save you money down the road, while some are designed purely for straightforward, predictable payments. The right fit depends on your situation: how long you plan to stay, whether you want payment stability, and what matters most to you five or ten years from now. I'd love to walk through what's actually available for your goals and show you how different programs stack up. Let's talk about which loan structure makes sense for where you're headed.
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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 Stephen Bellew team any time and we'll walk you through your options. |
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