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Mortgage Market Update
My Mortgage Company
Eddie Berengue — Edge Home Finance
Tuesday, October 20, 2026
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Fixed or adjustable—which matters more for you? |
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When you're shopping for a mortgage, the type of loan you choose shapes how stable your payments will be. This week I want to break down the real differences so you can pick with confidence.
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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 Basics
Fixed vs. adjustable: which one fits your plan?
One of the biggest choices in a mortgage isn't just the lender—it's the structure of the loan itself. A fixed-rate mortgage keeps the same interest rate and payment for the entire loan term, which means predictability and peace of mind. An adjustable-rate mortgage (ARM) typically starts lower but can change after an initial period, which works well if you plan to sell or refinance before rates adjust. Neither is right or wrong; it depends on your timeline, risk tolerance, and how long you see yourself in the home. Understanding these differences helps you pick a loan that actually matches your life, not just the lowest starting number. I'd love to walk you through what makes sense for your situation. Let's talk about which loan structure aligns with your plans.
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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
Eddie Berengue — Edge Home Finance
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