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Mortgage Market Update
My Mortgage Company
Joel Rodriguez
Tuesday, October 20, 2026
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Fixed or adjustable: what's the difference? |
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One of the most important decisions in a mortgage isn't about the rate itself—it's the type of loan you choose. Here's what you should 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 Guide
Fixed vs. adjustable: which fits your plan?
When you're shopping for a mortgage or thinking about refinancing, 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 starts lower but can change over time. Fixed rates give you payment stability and peace of mind—you know exactly what you'll owe every month. Adjustable rates can make sense if you're planning to sell or refinance before the rate adjusts, or if you're comfortable with some payment uncertainty. There's no one right answer; it depends on your timeline, risk tolerance, and how long you plan to stay in the home. The best choice for your neighbor might not be the best choice for you. I'd love to walk through what makes sense given your specific situation. Let's talk about which loan structure fits 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 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
Joel Rodriguez
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