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Mortgage Market Update
My Mortgage Company
Chad Pennington — Lindsey Pennington
Tuesday, October 20, 2026
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Fixed or adjustable—which one fits you? |
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One of the bigger mortgage decisions isn't always top of mind when you're shopping for rates. Here's what you should 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 Programs
Fixed vs. adjustable: which fits your plan?
One of the bigger decisions in a mortgage is whether to lock in a fixed rate for the life of the loan or start with a lower adjustable rate that changes over time. A fixed rate gives you payment stability and peace of mind—your rate and payment never change. An adjustable rate typically starts lower, which can mean lower early payments, but it carries the risk that your rate will rise when the initial period ends. The right choice depends on how long you plan to stay in your home, how comfortable you are with potential payment changes, and what the rate environment looks like now. There's no universal "best" answer—only what works for your situation and your sleep-at-night comfort level. Let's talk through which structure makes sense for your goals and timeline.
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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
Chad Pennington — Lindsey Pennington
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