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Mortgage Market Update
Fawn Crosby
Fawn Crosby
Tuesday, October 20, 2026
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Picking the right loan type for you |
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One question comes up in nearly every conversation I have with borrowers: should I go with a fixed rate or an adjustable one? Let me break down how to think about it.
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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. ARM: which loan fits your plan?
One of the biggest decisions when you're getting a mortgage—or refinancing—is choosing between a fixed-rate loan and an adjustable-rate mortgage (ARM). A fixed rate stays the same for the life of your loan, so your payment never changes. An ARM typically starts lower but can adjust after an initial period, which means your payment could go up or down later on. Neither is automatically right; it depends on how long you plan to stay in your home, how comfortable you are with payment uncertainty, and what the current market looks like. If you're planning to be there for many years and want predictability, fixed often wins. If you think you'll move or refinance within a few years, an ARM might make sense. The choice deserves a real conversation about your timeline and risk tolerance. I'd be happy to walk through both options and help you figure out which aligns better with 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 Fawn Crosby team any time and we'll walk you through your options. |
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