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Mortgage Market Update
My Mortgage Company
Nicola Josephine McCloskey-Kieff
Tuesday, October 20, 2026
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Fixed or adjustable—which fits your situation? |
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One of the biggest decisions in a mortgage is choosing your rate structure. Let me break down the trade-offs so you can make the choice that's right for you.
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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 loan makes sense for you
When you're shopping for a mortgage, one of the bigger choices is whether to lock in a fixed rate for the life of your loan or start with an adjustable rate that can change over time. Fixed-rate mortgages offer predictability—your payment stays the same, which makes budgeting easier and protects you if rates rise. Adjustable-rate mortgages often start lower, which can mean smaller payments early on, but they come with uncertainty down the road. The right choice depends on how long you plan to stay in your home, your comfort with payment risk, and what the rate environment looks like right now. I'm happy to walk through both options and help you figure out which structure fits your situation and goals. Let's talk about which loan type makes the most sense for your plans.
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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
Nicola Josephine McCloskey-Kieff
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