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Mortgage Market Update
My Mortgage Company
Rico Singleton
Tuesday, October 20, 2026
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Fixed or adjustable—what's the difference? |
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One of the most important decisions in getting a mortgage is choosing the right loan type for your situation. This week, I want to break down the two main paths and how to think about each 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 Program Basics
Fixed vs. adjustable: which loan fits your plan?
When you're shopping for a mortgage, one of the biggest choices you'll make is whether to go with a fixed-rate loan—where your rate and payment stay the same for the life of the loan—or an adjustable-rate mortgage, where your rate may change after an initial period. There's no universal right answer; it depends on how long you plan to stay in the home, your comfort with payment changes, and where rates are headed. If stability matters most to you, fixed is hard to beat. If you're planning to move or refinance within a few years, an ARM might offer flexibility. The key is understanding what you're signing up for and making a choice that aligns with your situation, not just the lowest starting number. I'd love to walk through both options with you and help you figure out which makes sense for your goals. Let's talk through which loan structure fits your timeline and comfort level.
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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
Rico Singleton
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