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Mortgage Market Update
Ross Osten
Ross Osten
Tuesday, October 20, 2026
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Fixed or ARM—which one fits you |
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One of my most common questions from borrowers is about loan types. Here's what you need to know to choose wisely.
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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 Options
Fixed or adjustable: which loan fits your plan
When you're shopping for a mortgage, one of the biggest choices isn't about the rate—it's about the structure. A fixed-rate loan locks in your payment for the entire term, giving you predictability and peace of mind. An adjustable-rate mortgage typically starts lower but can change over time, which might make sense if you plan to sell or refinance before any adjustment kicks in. Neither is right for everyone; it depends on how long you're staying in the home, your comfort with payment changes, and your financial goals. The right choice is the one that matches your actual situation, not just today's numbers. I'd love to walk through the pros and cons with you so you can decide with confidence. Let's talk through which structure makes sense for your timeline and 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 Ross Osten team any time and we'll walk you through your options. |
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