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Mortgage Market Update
My Mortgage Company
Tyrone Jefferson
Tuesday, October 20, 2026
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Fixed or adjustable—which is right for you? |
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When you're shopping for a mortgage, the interest rate gets a lot of attention. But the type of rate you choose matters just as much.
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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 on a mortgage 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. A fixed rate gives you predictability—your payment stays the same month after month, which makes budgeting easier and protects you if rates rise. An adjustable rate might offer initial savings, but it carries uncertainty down the road. The right choice depends on your plans (how long you'll stay in the home), your comfort with risk, and where rates stand today. I'm happy to walk you through both options and help you understand what makes sense for your situation. Let's talk through which loan structure fits your goals and timeline best.
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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
Tyrone Jefferson
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