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Tuesday, October 20, 2026 |
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Mortgage Market Update
The loan type matters more than you think
Most homeowners know their interest rate, but fewer understand the loan program behind it. Here's what you should know.
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National Mortgage Rates · October 16, 2026
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Conventional 30-Year
7.03%
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Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
Rates shown are national mortgage index rates plus our pricing adjustment, 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 shopping for a home or thinking about refinancing, the interest rate gets most of the attention—but the type of loan you choose matters just as much. A fixed-rate mortgage locks in your payment for the life of the loan, while adjustable-rate options start lower but can change over time. Some programs require less down, others offer flexibility on credit or income verification. There's no universal 'best' choice; it depends on how long you plan to stay in your home, your comfort with payment changes, and what your financial situation allows. I've seen borrowers save significantly just by understanding which program actually fits their plans instead of grabbing the first option available. Let's talk about which loan structure makes the most sense for your situation.
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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 Angela Cason team any time and we'll walk you through your options.
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22 Polly Drummond Hill Road, Newark DE 19711
3025987799
NMLS# 1384959 · Company NMLS# 128606
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