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Mortgage Market Update
Tyler Bottermuller
Tyler Bottermuller
Tuesday, October 20, 2026
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Fixed or adjustable: which one fits you |
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When you're shopping for a mortgage, you're really making two decisions at once: how much to borrow and what type of rate to get. Today I want to focus on that second part.
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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 or adjustable: which fits your plan
One of the first choices 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 payment predictability—your rate and monthly payment never change. Adjustable-rate mortgages often start lower, which can mean smaller payments early on, but they adjust over time based on market conditions. Neither is universally "better"; it depends on how long you plan to stay in the home, how much payment certainty matters to you, and what the current rate environment looks like. If you're unsure which direction makes sense for your situation, I'd be happy to walk through both options and help you see the real trade-offs. Let's talk through which loan structure fits your timeline and comfort level.
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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 Tyler Bottermuller team any time and we'll walk you through your options. |
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