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Mortgage Market Update
Scott Webster
Webster Mortgage Group Powered by Barrett Financial
Wednesday, October 21, 2026
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Why loan type matters more than you think |
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One of the most important choices in a mortgage isn't talked about enough. Let me break it down for you.
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National Mortgage Rates · October 20, 2026
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Conventional 30-Year
7.33% 30-day Range: 7.03%–7.46%
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Conventional 15-Year
6.52% 30-day Range: 6.38%–6.81%
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FHA 30-Year
7.13% 30-day Range: 6.80%–7.21%
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VA 30-Year
6.95% 30-day Range: 6.72%–7.13%
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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 Program Basics
Fixed vs. adjustable: which loan fits your plan?
When you're shopping for a mortgage, one of the biggest decisions is whether to lock in a fixed rate for the life of your loan or go with an adjustable rate that starts lower but can change over time. A fixed rate gives you predictability—your payment stays the same month after month, year after year. An adjustable rate might feel attractive at first because the initial rate is typically lower, but it can adjust up after a set period, which means your payment could go up. The right choice depends on your timeline, comfort with risk, and how long you plan to stay in your home. I'm happy to walk you through both options and help you understand what makes 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 Scott Webster team any time and we'll walk you through your options. |
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2701 East Insight Way, Suite 150, Chandler, AZ 85286
NMLS# 1517404 · Company NMLS# 181106
(480) 343-8081 | webstermtggroup.com
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