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Mortgage Market Update
Pete Ruberti
Pete Ruberti
Tuesday, October 20, 2026
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Fixed rate or adjustable—what's right for you? |
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One of the biggest decisions in getting a mortgage is how your interest rate behaves over time. Here's what you need to think about.
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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 or thinking about refinancing, one of the first choices is whether to lock in a fixed rate for the life of your loan or start with a lower adjustable rate. Fixed-rate mortgages give you payment certainty and peace of mind—your rate and payment never change. Adjustable-rate loans can offer lower initial payments, which appeals to buyers stretching their budget or those planning to sell or refinance down the road. The right choice depends on how long you plan to stay in your home, your comfort with uncertainty, and your financial goals. Neither is inherently better; it's about what matches your situation. 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 Pete Ruberti team any time and we'll walk you through your options. |
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