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Mortgage Market Update
Matthew Scalese
Matthew Scalese
Tuesday, October 20, 2026
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Fixed or adjustable—what's the right choice? |
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One of the most important decisions you'll make on a loan isn't about the amount—it's about the type. Let me break down what matters.
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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 biggest decisions is whether to lock in a fixed rate for the life of your loan or start with a lower adjustable rate. A fixed rate stays the same no matter what happens to the market—that stability is powerful if you plan to stay in your home long-term. An adjustable rate might start lower, but it can change over time, which means your payment could go up. The right choice depends on your timeline, comfort with uncertainty, and how long you actually plan to keep the loan. It's worth talking through both options with me so you can see which one aligns with your real situation. Let's discuss which loan structure makes the most 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 Matthew Scalese team any time and we'll walk you through your options. |
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