Mortgage Market Update

Ginny Foster

Tuesday, October 20, 2026

Which loan type is right for you?

There's more than one way to finance a home, and not every option works the same way for every borrower.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

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.

Loan Programs

Not all mortgages work the same way

When you're shopping for a mortgage, you'll hear terms like fixed-rate, adjustable-rate, FHA, conventional, and VA. These aren't just labels—they're fundamentally different products that affect how your payment works and who qualifies. Some lock your rate for the entire loan term. Others start low but adjust later. Some require a larger down payment; others don't. The right choice depends on your timeline, how long you plan to stay in your home, and your comfort level with change. I always recommend understanding what you're actually choosing before you sign. It takes a conversation, but it's worth it.

Let's talk through which loan program makes sense for your situation.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.	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).

2.	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.

3.	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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Ginny Foster team any time and we'll walk you through your options.

Your Mortgage Advisor

Ginny Foster

ginny@a-zlending.com

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