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Mortgage Market Update
My Mortgage Company
Errol Fenty — Errol Fenty
Tuesday, October 20, 2026
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Fixed or adjustable rate: which fits you? |
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One of the most important decisions in getting a mortgage isn't about the money—it's about the kind of payment stability you need. Here's what you should know about your options.
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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 life?
When you're shopping for a mortgage, one of the biggest decisions is whether to lock in a fixed rate for the life of your loan or start with an adjustable rate that can change over time. A fixed rate gives you predictability—your payment stays the same month after month, which makes budgeting easier and protects you if rates climb. An adjustable rate often starts lower, which can mean lower initial payments, but it comes with the understanding that your payment may go up down the road. The right choice depends on how long you plan to stay in your home, how comfortable you are with payment uncertainty, and what your financial priorities are right now. I'd love to walk through both options with you and help you figure out which one aligns with your situation. Let's talk through your loan program options—reach out and we can go over what makes 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 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
Errol Fenty — Errol Fenty
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