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Mortgage Market Update
Bill Szlinis
Bill Szlinis
Tuesday, October 20, 2026
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Fixed or adjustable: which works better for you? |
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Hi there. This week I want to break down one of the biggest choices you'll make when getting a mortgage—and why it matters more than you might think.
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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 Fit
Choosing between fixed and adjustable rates
One of the first decisions in any 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. Fixed rates offer predictability and peace of mind—your payment stays the same. Adjustable rates can mean a lower starting payment, but you're taking on the risk that rates (and your payment) will rise later. The right choice depends on your timeline, risk comfort, and financial goals. If you're planning to stay in your home long-term, fixed often wins. If you're thinking shorter-term, an adjustable might be worth considering. Neither is universally better—it's about what fits your life. Let's talk through your situation and find the best structure for you. I'm here to walk you through the trade-offs and help you pick the loan type that makes sense for you.
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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 Bill Szlinis team any time and we'll walk you through your options. |
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