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Mortgage Market Update
My Mortgage Company
Kevin Spain
Tuesday, October 20, 2026
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Fixed rate vs. adjustable: what's right for you |
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One of the most important decisions when getting a mortgage isn't about the lender—it's about the type of rate you choose. Here's what you need to 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 Programs
Fixed or adjustable: which fits your plan?
When you're looking at mortgage options, 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-rate mortgages give you predictability—your payment stays the same whether rates rise or fall. Adjustable-rate mortgages can make sense if you plan to sell or refinance before the rate adjusts, or if you're comfortable with the possibility of a higher payment down the road. The right choice depends on your timeline, how long you plan to stay in the home, and your comfort level with payment uncertainty. Let's talk through which structure aligns with your situation and goals. Reach out and we can walk through both options so you feel confident in your choice.
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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
Kevin Spain
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