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Mortgage Market Update
Max Lloyd
Max Lloyd
Tuesday, October 20, 2026
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Fixed or adjustable: which one's right for you? |
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Every borrower has a different timeline and comfort level with risk. This week, I want to break down two fundamental loan structures so you can make an informed choice.
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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 fits your plan?
One of the biggest choices you'll make is whether to lock in a fixed rate for the life of your loan or start with a lower adjustable rate that can change over time. A fixed rate gives you predictability—same payment forever. An adjustable rate typically starts lower, which can mean lower initial payments, but that rate will adjust after an initial period, so your payment may go up. The right choice depends on how long you plan to stay in the home, how comfortable you are with payment uncertainty, and your financial goals. I'd like to walk through what 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 Max Lloyd team any time and we'll walk you through your options. |
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