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Mortgage Market Update
My Mortgage Company
Brandon List
Tuesday, October 20, 2026
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Fixed or adjustable—what's right for you? |
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Every mortgage comes down to a few key choices. This week, let's talk about one that catches a lot of people off guard.
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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 Fit
Fixed vs. adjustable: which loan type fits your plan?
One of the most important decisions you'll make is whether to lock in a rate for the life of your loan or accept an initial lower rate that adjusts over time. There's no single right answer—it depends on how long you plan to stay in your home, how much payment uncertainty you can handle, and where rates are headed. Fixed-rate mortgages offer peace of mind and simplicity. Adjustable-rate mortgages can start lower, but your payment will change after an initial period, which means budgeting becomes trickier. I talk to borrowers every week who picked one type without really understanding the trade-off. Let's talk through what makes sense for your situation and timeline. If you're not sure which loan structure fits your needs, I'm here to walk you through the pros and cons.
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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
Brandon List
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