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Mortgage Market Update
My Mortgage Company
Stephanie Pena - FD
Tuesday, October 20, 2026
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Fixed or adjustable: what's right for you? |
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One of the biggest choices in getting a mortgage is the type of rate you choose. Let me break down how that decision works.
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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?
When you're shopping for a mortgage, one of the biggest decisions is whether to lock in a fixed rate for the life of your loan or start with an adjustable rate that changes over time. A fixed rate gives you predictability—your payment stays the same month after month, which makes budgeting easier and protects you if rates climb. An adjustable rate often starts lower, which can mean lower initial payments, but it carries the risk that your rate (and payment) will increase after the initial period ends. The right choice depends on how long you plan to stay in the home, how comfortable you are with payment uncertainty, and what the rate environment looks like right now. I'd be happy to walk you through both options and help you figure out which aligns better with your situation. Let's talk through which loan program makes sense for you—reach out anytime.
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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
Stephanie Pena - FD
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