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Mortgage Market Update
My Mortgage Company
Elizabeth Cassidy
Tuesday, October 20, 2026
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Fixed or adjustable rate—which makes sense for you? |
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Hi there. As rates and lending options shift, I'm getting more questions about the different ways to structure a mortgage—and I want to make sure you understand your choices.
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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 fits your plan?
One of the biggest choices you make when getting a mortgage is whether to lock in a fixed rate for the life of the loan or start with an adjustable rate that changes over time. A fixed rate gives you payment certainty—you know exactly what you'll pay every month for 15, 20, or 30 years. An adjustable rate typically starts lower, which can mean lower initial payments, but it will change after an introductory period, so your payment could go up. Neither is right for everyone. The best choice depends on how long you plan to stay in the home, how comfortable you are with uncertainty, and what your financial picture looks like. I'd love to walk you through both options and help you figure out which makes sense for your situation. Get in touch and we can talk through which loan structure aligns with your goals.
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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
Elizabeth Cassidy
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