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Mortgage Market Update
Michael Radcliffe
The Rad CRM
Tuesday, October 20, 2026
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Fixed or adjustable—which fits you? |
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There's no one-size-fits-all mortgage. This week, I want to help you understand one of the choices that matters most: the type of rate you lock in.
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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 or adjustable—which fits your life?
When you're shopping for a mortgage, one of the biggest choices isn't about money at all—it's about peace of mind. A fixed-rate loan locks in your payment for the entire life of the loan, which means no surprises down the road, even if rates climb. An adjustable-rate loan typically starts lower but can change over time, which works well if you plan to sell or refinance before that adjustment kicks in. Neither is right for everyone; it depends on how long you see yourself in the home and how comfortable you are with the possibility of payment changes later. I'm happy to walk you through both options and help you figure out which aligns with your goals and timeline. Let's talk about which loan structure makes the most sense for your situation.
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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 Michael Radcliffe team any time and we'll walk you through your options. |
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