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Mortgage Market Update
Aaron Kozikowski
Tuesday, October 20, 2026
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Fixed or adjustable—which is right for you? |
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Hi there, I wanted to touch base this week about something that comes up in almost every conversation I have with borrowers.
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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
Not all mortgages work the same way
One of the questions I hear most often is, 'What's the difference between a fixed-rate loan and an adjustable one?' The short answer: a fixed-rate mortgage keeps the same interest rate and payment for the life of the loan, while an adjustable-rate mortgage may start lower but can change over time. Which one makes sense for you depends on how long you plan to stay in your home, your comfort with payment changes, and what's happening in the market right now. I've helped borrowers choose between them for years, and there's rarely a one-size-fits-all answer. The right move for your neighbor might not be right for you. If you're curious about what's available or want to understand the trade-offs better, I'm happy to walk through it with you. Let's talk about which loan program fits your situation best.
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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 Aaron Kozikowski team any time and we'll walk you through your options. |
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