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Mortgage Market Update
Timothy Dial
Timothy Dial
Tuesday, October 20, 2026
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Fixed or adjustable—which makes sense for you? |
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One choice shapes your entire mortgage experience: the type of rate you choose. Here's what you need to know.
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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 Basics
Fixed vs. adjustable: which one 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 an adjustable rate that changes over time. A fixed mortgage gives you payment stability and predictability—you know exactly what you owe each month, no surprises. An adjustable-rate mortgage typically starts lower but can shift after an initial period, which means your payment may go up (or down, though that's rarer). The right choice depends on how long you plan to stay in your home and how comfortable you are with payment uncertainty. If you're building long-term roots, fixed often wins. If you're thinking shorter-term, an adjustable might make sense. I'd love to walk through both options with you and show how each would actually work for your situation. Let's talk through which program aligns best with your goals—reach out anytime.
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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 Timothy Dial team any time and we'll walk you through your options. |
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