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Mortgage Market Update
My Mortgage Company
Kelly Cutter
Tuesday, October 20, 2026
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Fixed or adjustable—which makes sense for you? |
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When you're shopping for a mortgage, you'll run into a choice that matters a lot: the type of rate you want.
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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 Guide
Fixed vs. adjustable: which fits your plan?
One of the biggest choices in a mortgage is whether you want a fixed rate that stays the same for the life of your loan, or an adjustable rate that may change over time. Fixed rates give you stability and predictability—your payment never changes. Adjustable rates sometimes start lower, but can move up or down depending on market conditions, which means your payment could go up in the future. The right choice depends on your timeline, how long you plan to stay in the home, and how comfortable you are with payment uncertainty. If you're planning to stay put and want peace of mind, fixed is usually the way to go. If you're thinking shorter-term, an adjustable option might make sense. Let's talk through what works best for your situation. I'd be happy to walk you through the pros and cons of each.
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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
Kelly Cutter
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