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Mortgage Market Update
My Mortgage Company
Michelle Knight
Tuesday, October 20, 2026
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Fixed or adjustable—which fits better? |
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When you're looking at mortgage options, one decision shapes your whole financial picture. This week I want to break down the core difference between two paths.
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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 one fits your plan?
One of the bigger choices in a mortgage isn't talked about enough—whether you want a rate that stays locked in for the life of the loan, or one that starts lower but can change over time. A fixed rate gives you predictability and peace of mind; your payment never changes. An adjustable rate often comes in lower at first, which can make sense if you're planning to sell or refinance down the road. The right choice depends on your timeline, risk tolerance, and how long you see yourself in the home. Both are legitimate paths—the key is understanding what you're signing up for. I'd love to walk you through the pros and cons based on your specific situation. Let's talk through which structure makes sense for your goals.
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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
Michelle Knight
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