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Mortgage Market Update
Bruce Gruys
Bruce Gruys
Tuesday, October 20, 2026
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Fixed or adjustable rate—what's right for you |
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Hi there. This week I want to tackle one of the most important—and sometimes confusing—choices borrowers face when they get a mortgage.
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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 makes sense for you
One of the biggest decisions in a mortgage isn't just how much you borrow—it's the structure of the loan itself. A fixed-rate mortgage keeps your payment steady for the life of the loan, which means predictability and peace of mind. An adjustable-rate mortgage typically starts lower but can change over time, which appeals to some borrowers with specific plans or timelines. Neither is universally "better"—it depends on how long you plan to stay in the home, your comfort with payment changes, and what the market looks like right now. Understanding the trade-offs between these options is worth your time before you commit. Let's talk through what actually fits your situation. Reach out and we can walk through which structure aligns with 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 Bruce Gruys team any time and we'll walk you through your options. |
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