Lorraine Amador · October 20, 2026

Fixed or adjustable rate: which suits you?

Mortgage Market Update

My Mortgage Company

Lorraine Amador

Tuesday, October 20, 2026

Fixed or adjustable rate: which suits you?

One of the most important decisions in getting a mortgage is what type of loan you choose. Let's break down your options.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%
Rate trend

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.

Loan Programs

Fixed or adjustable: which loan makes sense for you?

When you're shopping for a mortgage, one of the biggest 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 loans offer peace of mind—your payment stays the same for 15, 20, or 30 years, no surprises. Adjustable-rate loans often start lower, which can mean a smaller payment early on, but that rate can adjust later based on market conditions. The right choice depends on your timeline, risk tolerance, and how long you plan to stay in the home. I'm happy to walk through both options and help you understand what each would look like in your situation.

Let's talk through which loan structure fits your plans best.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.

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).

2.

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.

3.

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.

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.

Your Mortgage Advisor

M

My Mortgage Company

Lorraine Amador

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