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Mortgage Market Update
My Mortgage Company
Joe Gallo
Tuesday, October 20, 2026
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Fixed or adjustable—which one makes sense? |
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When it comes to mortgages, one choice shapes your payment stability for years to come. Here's what you should know.
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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 fits your plan?
One of the biggest decisions when getting a mortgage (or refinancing) is whether you want a fixed rate or an adjustable one. A fixed rate stays the same for the life of your loan—predictable and steady. An adjustable rate typically starts lower but can change after an initial period, meaning your payment could go up later. The right choice depends on how long you plan to stay in your home and how comfortable you are with uncertainty. If you're thinking long-term, a fixed rate often wins. If you're planning to sell or refinance in a few years, adjustable might make sense. The key is understanding what you're signing up for, not just chasing the lowest starting number. Let's talk through which approach aligns with your situation. Reach out and we can walk through both options together.
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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
Joe Gallo
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