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Mortgage Market Update
My Mortgage Company
Seth Feinman
Tuesday, October 20, 2026
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Fixed rate or adjustable—what's the difference? |
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One of the most important choices in getting a mortgage isn't always top of mind. Let's look at what separates these two common loan types and how to think about picking one.
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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 decisions is whether to lock in a fixed rate for the entire loan or start with an adjustable rate. Fixed-rate mortgages give you predictability—your payment stays the same for 15, 20, or 30 years, no matter what happens to market rates. Adjustable-rate mortgages typically start lower but can change after an initial period, which means your payment could go up or down later. The right choice depends on how long you plan to stay in your home, your comfort with payment uncertainty, and your overall financial situation. Neither is "better"—it's about what matches your life and goals. I'd be happy to walk you through how each option would work for your specific situation. Let's talk about which loan structure makes sense for you.
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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
Seth Feinman
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