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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 best? |
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Hello, Every mortgage has a structure behind it, and understanding that structure matters just as much as understanding the rate.
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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 Program Fit
Fixed or adjustable: which loan works for your situation
One of the biggest choices you'll make isn't about the rate itself—it's about the type of loan that fits your plans. A fixed-rate mortgage keeps your payment stable for the life of the loan, which brings peace of mind and predictability. An adjustable-rate mortgage may start lower, but your payment can change over time, which works best if you're planning to sell or refinance before rates adjust, or if you're comfortable with that risk. Neither is right for everyone. The right choice depends on how long you plan to stay in your home, your tolerance for payment changes, and what your budget can handle. I'd love to walk you through both options and help you figure out which aligns with your goals. Reach out and let's talk through which structure makes the most sense for you.
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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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