Mortgage Market Update

Timothy Dial

Tuesday, October 20, 2026

Fixed or adjustable—which makes sense for you?

One of the biggest decisions in a mortgage isn't talked about enough. I want to help you understand your options and pick the rate type that actually fits your life.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

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.

Loan Programs

Fixed vs. adjustable: which rate type 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 go with an adjustable rate that can change over time. A fixed rate gives you predictability—your payment stays the same for 15, 20, or 30 years. An adjustable rate typically starts lower, which can mean a smaller payment early on, but it can increase later. The right choice depends on your timeline, risk comfort, and how long you plan to stay in the home. If you're planning to keep the house for decades, fixed often wins. If you think you'll move or refinance in a few years, an adjustable might make sense. I'd love to walk you through both options and help you figure out which aligns with your situation.

Let's talk through what works best for your goals—reach out anytime.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.	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).

2.	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.

3.	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.

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.

Your Mortgage Advisor

Timothy Dial

tdial@nexamortgage.com

You are receiving this from Timothy Dial. Unsubscribe