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Mortgage Market Update
Angela Maw
Angela Maw
Tuesday, October 20, 2026
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The loan type matters more than you think |
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There's more to picking a mortgage than finding the best rate. The structure of the loan itself can make a real difference in how it works for you.
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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
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. Fixed-rate mortgages, adjustable-rate options, government-backed programs, and conventional loans all have different strengths depending on your situation. Some work better if you're planning to stay in your home long-term. Others make sense if you think you'll move or refinance in a few years. The right choice depends on your timeline, comfort level with payment changes, and how much you're putting down. I'd rather see you pick the loan that actually fits your life than chase the lowest rate on the wrong product. Let's talk through which program makes sense for what you're trying to do.
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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 Maw team any time and we'll walk you through your options. |
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