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Mortgage Market Update
My Mortgage Company
Griffin Stephens
Tuesday, October 20, 2026
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Fixed or adjustable—what's right for you? |
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One of the most important choices in a mortgage isn't the amount you borrow—it's the type of loan you pick. Here's how to think about it.
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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 one fits your life
When you're choosing a mortgage, one of the biggest decisions is whether you want a fixed rate—where your payment stays the same for the life of the loan—or an adjustable rate, where it can change after an initial period. Fixed rates give you predictability and peace of mind. Adjustable rates typically start lower, which can mean smaller payments early on, but they carry the risk of payment increases down the road. Neither is right or wrong; it depends on how long you plan to stay in your home, how comfortable you are with uncertainty, and what your budget can handle. Understanding your own situation and timeline makes this choice much clearer. I'd love to walk through both options with you so you can decide what makes sense for your circumstances. Let's talk through which loan structure works best for 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
Griffin Stephens
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