Mortgage Market Update

Daniel Greer

Tuesday, October 20, 2026

Picking the right loan type for you

Hi there. This week I want to talk about something that deserves more attention than it usually gets—the actual structure of your loan.

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.

Mortgage Basics

Why your loan type matters more than you realize

When you're shopping for a mortgage, it's easy to focus only on interest rates. But the type of loan you choose—fixed, adjustable, conventional, or government-backed—shapes your entire borrowing experience. Each has different rules about down payments, flexibility, and long-term costs. The right fit depends on your timeline, risk tolerance, and how long you plan to stay in your home. Understanding these differences helps you make a choice you'll feel confident about, not one you'll second-guess in a few years.

I'd be happy to walk you through how different loan types compare 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 Daniel Greer team any time and we'll walk you through your options.

Your Mortgage Advisor

Daniel Greer

Daniel.greer@homesimply.com

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