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Mortgage Market Update
My Mortgage Company
Partners In Mortgage
Tuesday, October 20, 2026
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Fixed or adjustable—which one's right for you? |
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Every mortgage isn't built the same way. This week, let's talk about one of the most important differences you'll encounter when you're shopping for a loan.
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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?
One of the biggest decisions you'll make on your mortgage isn't about the rate itself—it's about whether that rate stays the same for the life of the loan or can change over time. A fixed-rate mortgage gives you predictability: your payment never changes, which makes budgeting easier and protects you if rates rise. An adjustable-rate mortgage typically starts lower but can adjust after an initial period, which means your payment could go up. The right choice depends on how long you plan to stay in your home, your comfort with payment uncertainty, and what the current rate environment looks like. If you're not sure which structure makes sense for your situation, I'd love to walk through the tradeoffs with you. Let's talk about which loan type works best 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 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
Partners In Mortgage
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