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Mortgage Market Update
Dylan Kirby
Dylan Kirby
Tuesday, October 20, 2026
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Your neighbor probably has a different mortgage than you should |
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Hi there—I want to share something I see happen all the time: borrowers assuming their mortgage options are limited to what they've heard about.
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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 neighbor's mortgage might not be your best option
Every home purchase and every borrower is different—and that includes the loan program you choose. There are more paths to homeownership than most people realize. Some borrowers do best with a conventional loan, while others find that a government-backed program (FHA, VA, USDA) opens doors they didn't know existed. Interest rates matter, but so do down payment requirements, credit flexibility, and what fits your life right now. A program that works beautifully for someone else might not be the smartest choice for you. The good news is that exploring your actual options takes just a conversation. I can walk you through what's available based on your situation, not just what sounds familiar. Let's talk about which loan program makes the most sense for 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 Dylan Kirby team any time and we'll walk you through your options. |
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