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Mortgage Market Update
Jesse Moorhouse
Jesse Moorhouse
Tuesday, October 20, 2026
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Fixed or adjustable—which works better for you? |
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One of the most important decisions in a mortgage isn't always the most obvious. Let me break down a choice that shapes your entire loan.
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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 one fits your plan?
When you're comparing loan options, one of the biggest choices is whether to lock in a rate for the life of your loan or start with a lower rate that can change over time. A fixed rate gives you predictability—your payment stays the same month after month, year after year. An adjustable rate often starts lower, which can mean a smaller payment early on, but it will eventually adjust based on market conditions. The right choice depends on how long you plan to stay in your home, how comfortable you are with payment changes, and what your financial picture looks like. Neither is universally better; it's about matching the loan to your actual life and goals. If you'd like to talk through which structure makes sense for you, I'm here to walk you through it.
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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 Jesse Moorhouse team any time and we'll walk you through your options. |
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