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Mortgage Market Update
Scott Adams
Scott Adams
Tuesday, October 20, 2026
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Fixed or adjustable: what's the difference for you? |
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Hi there—one of the most important decisions in a mortgage isn't just about the rate. It's about the structure of the loan itself.
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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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Fixed vs. Adjustable
Why your loan structure matters more than you think
When you're shopping for a mortgage, one of the biggest choices isn't about the rate itself—it's about whether that rate stays locked in or changes over time. A fixed-rate loan means your payment stays the same for the entire loan term, which gives you predictability and peace of mind. An adjustable-rate loan may start lower but can change after an initial period, which means your payment could go up (or down) later. Neither is automatically "right"—it depends on how long you plan to stay in the home, how comfortable you are with payment uncertainty, and what's happening in the broader rate environment. The structure you choose shapes your monthly budget and long-term financial picture. Let's talk through which approach makes sense for your situation. Reach out and we can walk through both options with your actual numbers.
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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 Scott Adams team any time and we'll walk you through your options. |
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