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Mortgage Market Update
My Mortgage Company
One Real Mortgage
Tuesday, October 20, 2026
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Fixed or adjustable—which one works for you? |
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One of the first forks in the road when getting a mortgage is choosing between a fixed and an adjustable rate. Here's what you need to think about.
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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
Fixed vs. adjustable: which fits your plan?
When you're shopping for a mortgage, one of the biggest choices is whether to lock in a fixed rate for the life of your loan or start with an adjustable rate that can change over time. A fixed rate gives you predictability—your payment stays the same month after month, year after year. An adjustable rate typically starts lower, which can mean a smaller payment early on, but it can go up later. The right choice depends on how long you plan to stay in your home, how comfortable you are with payment changes, and what's happening with rates right now. Neither is inherently better; it's about what matches your life and your comfort level. I'd love to walk through the pros and cons based on your specific situation. Let's talk through which option makes the most sense for you.
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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
One Real Mortgage
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