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Mortgage Market Update
My Mortgage Company
Brett Stratton
Tuesday, October 20, 2026
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Fixed or adjustable: what's your move? |
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Hey there—I wanted to touch on something that gets less attention than rates, but might matter even more: the *type* of loan you choose.
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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 vs. adjustable: which one matches your plan?
One of the biggest decisions you'll make isn't about rates—it's about *which type of loan* makes sense for your situation. A fixed-rate mortgage keeps your payment stable for the life of the loan, which means predictability and peace of mind. An adjustable-rate mortgage may start lower, but your payment can change after an initial period, which works best if you're planning to move or refinance before that adjustment kicks in. Neither is universally "right"—it depends on how long you plan to stay, your comfort with payment uncertainty, and your financial goals. The right choice is the one that fits your timeline and lets you sleep at night. I'd love to walk you through both options and help you figure out which aligns with your plans. Let's talk about which loan 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 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
Brett Stratton
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