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Mortgage Market Update
My Mortgage Company
Nebil Mathewos
Tuesday, October 20, 2026
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Fixed or adjustable rate—which is right for you? |
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One of the most important decisions in a mortgage isn't about the home itself—it's about the type of loan you choose. Let's break down the difference and why it matters to your finances.
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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 looking at mortgages, one of the biggest choices you'll make is whether to lock in a fixed rate for the life of the loan or start with a lower adjustable rate. A fixed rate gives you predictability—your payment stays the same for 15, 20, or 30 years, no matter what happens in the market. An adjustable rate typically starts lower, which can mean smaller payments early on, but it can change over time. The right choice depends on how long you plan to stay in your home, your comfort with payment uncertainty, and your overall financial picture. I'd love to walk you through both options and help you figure out which one aligns with your goals. Let's talk through which loan structure makes sense 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 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
Nebil Mathewos
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