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Mortgage Market Update
Brent Moody
Edge Home Finance Corp
Tuesday, October 20, 2026
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Fixed or adjustable—what's the real difference? |
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When you're working through a mortgage, you'll hear a lot of terms. This week I want to clear up one that matters more than most.
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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 choices you make when you borrow is whether your rate stays locked in for the life of the loan or adjusts over time. A fixed rate gives you predictability—your payment never changes, which makes budgeting easier. An adjustable rate typically starts lower, which can mean a smaller payment early on, but it can rise later. Neither is "right" or "wrong"; it depends on how long you plan to stay in your home, how comfortable you are with payment uncertainty, and what your finances look like now versus down the road. The right choice is personal to your situation and your goals. Let's talk through which option makes 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 Brent Moody team any time and we'll walk you through your options. |
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(253) 381-4067 | www.brentmoodyloans.com
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