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Mortgage Market Update
My Mortgage Company
Peter Alongi
Tuesday, October 20, 2026
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Fixed or adjustable—here's how to decide |
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One of the first questions I ask borrowers is how long they plan to own their home. That answer shapes everything else—including which type of mortgage makes the most sense.
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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 looking at mortgages, 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. A fixed rate stays the same no matter what happens in the market—predictability is the appeal. An adjustable rate often starts lower, which can mean smaller payments early on, but it can change after an initial period, which means your payment could go up. The right choice depends on how long you plan to stay in your home, your comfort with payment uncertainty, and where you think rates are headed. Neither is universally better; it's about what makes sense for your situation and peace of mind. Let's talk through which structure aligns with your goals and timeline.
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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
Peter Alongi
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