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Mortgage Market Update
Megan Luksha
Megan Luksha
Tuesday, October 20, 2026
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Fixed or adjustable—what's right for you? |
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Hi there. This week I want to break down one of the most important decisions in the mortgage process—and it's often overlooked.
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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 plan?
One of the biggest choices you'll make is whether to lock in a fixed interest rate for the life of your loan or start with a lower adjustable rate that can change over time. There's no universally right answer—it depends on how long you plan to stay in your home, how comfortable you are with payment uncertainty, and what the rate environment looks like. If you're buying your forever home and want predictability, fixed is often the way to go. If you're thinking you might move or refinance in a few years, an adjustable option might work in your favor. The key is understanding the tradeoffs before you commit. I'd love to walk through what makes sense for your specific situation. Let's talk through your timeline and find the loan program that matches 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 Megan Luksha team any time and we'll walk you through your options. |
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