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Mortgage Market Update
My Mortgage Company
Trishana Kimble — Trishana Kimble
Tuesday, October 20, 2026
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Fixed or adjustable—what's the difference? |
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One of the first decisions in getting a mortgage is the type of loan you choose. Today I want to break down the two main flavors and help you figure out which one might work best for you.
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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 loan fits your plan?
When you're shopping for a mortgage, one of the biggest choices is whether to lock in a fixed rate for the entire loan or start with an adjustable rate. A fixed-rate mortgage keeps your payment the same for 15, 20, or 30 years—predictable and stable. An adjustable-rate mortgage typically starts lower but can change after an initial period, which means your payment could go up (or down). The right choice depends on how long you plan to stay in the home, your comfort with payment uncertainty, and what makes sense for your budget. Neither is inherently better—it's about what aligns with your goals and peace of mind. I'd love to walk through both options with you and show how each might look for your situation. Let's talk about which type of loan makes sense for your timeline and 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 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
Trishana Kimble — Trishana Kimble
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