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Mortgage Market Update
Tammy Saul
Tammy Saul
Tuesday, October 20, 2026
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Fixed or adjustable: which is right for you? |
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One of the most important decisions in a mortgage isn't always obvious at first glance. Let me explain the two main loan types and how to think about picking between them.
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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 loan fits your plan
When you're shopping for a mortgage, one of the biggest choices you'll make is whether to go with a fixed rate or an adjustable rate loan. A fixed rate stays the same for the life of your loan — predictable, straightforward, and good peace of mind. An adjustable rate typically starts lower, but can change over time, which means your payment could go up (or down) depending on market conditions. The right choice depends on how long you plan to stay in your home, how comfortable you are with payment uncertainty, and what the current rate environment looks like. There's no universally "best" answer — it comes down to your situation. I'd love to walk you through both options and help you figure out which one makes sense for your goals. Let's talk about which loan structure fits your timeline and comfort level.
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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 Tammy Saul team any time and we'll walk you through your options. |
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