Mortgage Market Update

My Mortgage Company

Jesse Crawford

Tuesday, October 20, 2026

Fixed or adjustable—what's the difference for you?

One of the biggest choices in a mortgage is the rate structure. Understanding your options makes the decision easier.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%

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.

Loan Programs

Fixed vs. adjustable: which makes sense for you

When you're shopping for a mortgage, one of the biggest decisions is whether to lock in a fixed rate for the life of your loan or start with an adjustable rate that changes over time. A fixed rate gives you payment stability and peace of mind—your principal and interest stay the same for 15, 20, or 30 years. An adjustable rate often starts lower, which can mean a smaller payment early on, but it carries the risk that your payment will go up when the adjustment period begins. The right choice depends on your timeline, risk tolerance, and how long you plan to stay in the home. There's no one-size-fits-all answer, which is why it's worth talking through your situation with someone who knows your goals.

Let's talk about which loan structure fits your comfort level and your timeline.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.	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).

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Jesse Crawford

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