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Mortgage Market Update
Ryan Harding
Work Hard Mortgage
Tuesday, October 20, 2026
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Fixed or adjustable: which fits you better? |
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Hi there,
One question comes up again and again when people are shopping for a mortgage: should I go with a fixed rate or an adjustable one?
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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
Choosing between fixed and adjustable rates
One of the biggest decisions you'll make is whether to lock in a fixed rate for the life of your loan or start with a lower adjustable rate. Fixed rates give you predictability—your payment never changes, which makes budgeting easier and protects you if rates climb. Adjustable rates often start lower, which can mean a smaller payment early on, but they can increase over time. The right choice depends on your timeline, risk tolerance, and how long you plan to stay in your home. Neither is universally better; it comes down to what fits your situation. I'd love to walk through both options with you and help you figure out which makes the most sense. Reach out and let's talk through which rate structure works best for 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 Ryan Harding team any time and we'll walk you through your options. |
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