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Mortgage Market Update
My Mortgage Company
Megan Cox
Tuesday, October 20, 2026
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Fixed or adjustable—what's the difference? |
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Hi there. This week I want to clear up a question I hear all the time from borrowers who are just getting started or thinking about making a move.
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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 Basics
Fixed vs. adjustable: which one fits your plan?
One of the first decisions you'll make when getting a mortgage—or refinancing—is picking between a fixed-rate loan and an adjustable-rate loan. A fixed rate stays the same for the entire life of the loan, which means your payment never changes. An adjustable rate typically starts lower but can move up after an initial period, which means your payment could go up later. Neither is automatically 'better'—it depends on how long you plan to stay in your home, how comfortable you are with payment uncertainty, and what the rate environment looks like right now. Some people love the predictability of fixed. Others are willing to take on adjustment risk in exchange for a lower starting rate. I'm here to walk you through what each option really means for your situation. Let's talk through which approach makes 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
Megan Cox
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