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Mortgage Market Update
My Mortgage Company
Shane Braninburg — Shane Braninburg
Tuesday, October 20, 2026
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Fixed or adjustable—what's the difference? |
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One of the most important decisions you'll make as a borrower isn't about rates or lenders—it's about the type of loan itself. 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 Program Basics
Fixed vs. adjustable: which fits your plan?
When you're shopping for a mortgage, one of the biggest choices isn't about the lender—it's about the loan type itself. A fixed-rate mortgage keeps the same interest rate and payment for the entire loan term, which makes budgeting predictable and protects you if rates climb. An adjustable-rate mortgage typically starts lower but can change after an initial period, which means your payment might go up. The right choice depends on how long you plan to stay in your home and how comfortable you are with payment changes. I'd be happy to walk you through how each one works and which might align better with your goals. Let's talk through the pros and cons 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 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
Shane Braninburg — Shane Braninburg
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