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Mortgage Market Update
Cheyene DeWeese
Cheyene DeWeese
Tuesday, October 20, 2026
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Fixed or ARM: what's right for you? |
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One of my favorite conversations with borrowers is about loan structure. It's something a lot of people overlook, but it can have a real impact on your comfort with homeownership.
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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
Fixed or adjustable: which loan makes sense for you
One of the biggest decisions in getting a mortgage isn't about the rate—it's about the structure of your loan. A fixed-rate mortgage keeps the same interest rate and payment for the entire loan term, which means predictability and peace of mind. An adjustable-rate mortgage starts at a lower initial rate but can change after a set period, which can work well if you plan to sell or refinance before rates adjust. There's no universal "right" answer; it depends on your timeline, risk comfort, and how long you plan to stay in your home. Understanding the tradeoffs between these options helps you pick a loan that actually fits your life, not just your credit score. Let's talk about which loan structure makes the most sense for your situation.
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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 Cheyene DeWeese team any time and we'll walk you through your options. |
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