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Mortgage Market Update
Tanner Floyd
Tanner Floyd
Tuesday, October 20, 2026
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Picking the right loan type matters more than you think |
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Hi there. This week I want to cover something that can shape your entire mortgage experience.
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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 are built the same
One of the biggest decisions you'll make isn't about how much you borrow—it's what type of loan you choose. Fixed-rate mortgages lock in your payment for the life of the loan, giving you predictability. Adjustable-rate loans might start lower but can change over time. Then there are programs designed for first-time buyers, rural properties, or situations where a conventional loan doesn't fit. The right choice depends on your timeline, risk tolerance, and how long you plan to stay in your home. It's worth understanding which option actually serves your life, not just your initial payment. I'd be glad to walk through what makes sense for your situation. Let's talk about which loan program fits 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 Tanner Floyd team any time and we'll walk you through your options. |
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