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Mortgage Market Update
My Mortgage Company
Enchanted Kingdom
Tuesday, October 20, 2026
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Fixed or adjustable—which is right for you? |
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One of the biggest decisions in getting a mortgage is choosing the right loan structure. Here's what you need to know to make a confident choice.
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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 loan type fits your plan
When you're shopping for a mortgage, one of the biggest choices is whether to go with a fixed rate (same rate for the life of the loan) or an adjustable rate (lower initially, then changes over time). Fixed rates offer predictability and peace of mind—your payment stays the same. Adjustable rates can start lower, which might make sense if you're planning to sell or refinance in a few years. The right choice depends on how long you plan to stay in the home and how comfortable you are with potential payment changes down the road. I'd be happy to walk through both options and help you figure out which one aligns with your goals. 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 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
Enchanted Kingdom
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