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Mortgage Market Update
My Mortgage Company
William Foster Harpster
Tuesday, October 20, 2026
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Fixed or adjustable—which is right for you? |
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There are different ways to structure a mortgage, and the choice you make today can shape your payments for years. Here's what matters when you're deciding between them.
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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 Program Guide
Fixed vs. adjustable: which loan fits your plan?
One of the biggest choices you'll make is whether to lock in a fixed rate for the life of your loan or start with a lower adjustable rate that can change over time. There's no single right answer—it depends on how long you plan to stay in your home, how comfortable you are with payment uncertainty, and what your financial picture looks like down the road. Fixed-rate mortgages give you predictability and peace of mind. Adjustable-rate mortgages often start lower, which can work well if you're planning to move or refinance in a few years. I help borrowers think through their timeline and risk tolerance to find the option that makes sense for their situation. Understanding these differences now saves stress later. Let's talk about which structure works best for your goals and timeline.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
William Foster Harpster
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