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Mortgage Market Update
Kris Rich
Kristen Rich
Tuesday, October 20, 2026
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Fixed or adjustable: which is right for you |
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Hi there. This week I want to break down one of the most important choices you'll face as a borrower — and help you think it through clearly.
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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
Choosing between fixed and adjustable rates
One of the biggest decisions you'll make is whether to lock in a fixed rate for the life of your loan or start with an adjustable rate. Fixed-rate mortgages give you predictability — your payment stays the same from month one through payoff. Adjustable-rate mortgages often start lower but can change over time, which means your payment could go up. The right choice depends on your comfort with uncertainty, how long you plan to stay in your home, and what the rate environment looks like right now. There's no universally "better" option — it comes down to your situation and peace of mind. I'd like to walk you through how each works and which might fit your goals. Let's talk through your rate options and find what works best for you.
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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 Kris Rich team any time and we'll walk you through your options. |
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