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Mortgage Market Update
Marc Sears
Marc Sears
Tuesday, October 20, 2026
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Fixed or adjustable—which works for you? |
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A mortgage is one of the biggest financial decisions you'll make. Let me break down one of the most important choices along the way.
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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 move 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 rise later depending on market conditions. The right choice depends on your timeline. If you're planning to stay in your home for a long time and want certainty in your budget, fixed is often the safer bet. If you expect to move or refinance within a few years, an adjustable rate might work. I'm happy to walk through both options and help you figure out what aligns with your situation. Let's talk through which loan type makes sense for 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 Marc Sears team any time and we'll walk you through your options. |
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