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Mortgage Market Update
My Mortgage Company
Mashell Carmack
Tuesday, October 20, 2026
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Fixed or adjustable—which one for you? |
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Hi there. This week I want to tackle one of the most important decisions in the mortgage process—and one that gets overlooked too often.
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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 or adjustable: which fits your plan?
When you're shopping for a mortgage, one of the biggest choices isn't about the lender—it's about the loan itself. A fixed-rate mortgage keeps the same interest rate and payment for the life of the loan, which means predictability and peace of mind. An adjustable-rate mortgage may start lower, but the rate can change after an initial period, which means your payment could go up down the road. Neither is right for everyone. The right choice depends on how long you plan to stay in the home, your comfort with payment changes, and what makes sense for your budget. If you're unsure which direction fits your situation, I'd love to walk through the options with you. Let's talk about which loan structure makes the most sense for your 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
Mashell Carmack
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