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Mortgage Market Update
Timothy Dial
Timothy Dial
Tuesday, October 20, 2026
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Fixed or adjustable: which matters for you |
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One of the most important decisions in a mortgage isn't about the house—it's about the loan itself. Let me break down two very different paths.
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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 loan fits your plan
When you're getting a mortgage, one of the bigger choices is whether to lock in a fixed rate for the entire loan or start with an adjustable rate. A fixed rate stays the same from day one to payoff—predictable and stable. An adjustable rate typically starts lower but can change over time, which means your payment could go up later. Neither is automatically "right"—it depends on how long you plan to stay in the home, your comfort with payment changes, and your overall financial picture. If you think you'll move or refinance within a few years, one path might make more sense. If you're settling in for the long haul, another might give you better peace of mind. The key is understanding the trade-offs before you decide. I'd be happy to walk through how each option could work for your situation.
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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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