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Mortgage Market Update
My Mortgage Company
Camille Olson
Tuesday, October 20, 2026
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Fixed rate or adjustable—what's the difference? |
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One of the biggest decisions in getting a mortgage isn't about the lender—it's about the type of loan you choose. Here's what you need to know.
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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 fits your plan?
When you're shopping for a mortgage, one of the biggest choices is whether to lock in a rate for the life of your loan or start with a lower rate that can change over time. A fixed-rate mortgage gives you predictability—your payment never changes, which makes budgeting easier and protects you if rates rise. An adjustable-rate mortgage might offer a lower starting rate, which can mean lower payments early on, but that rate will adjust after an initial period, and your payment could go up. The right choice depends on how long you plan to stay in your home, how comfortable you are with payment uncertainty, and what's happening with rates right now. Let's talk through what makes sense for your situation. I'd love to walk you through both options and see which one 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 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
Camille Olson
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