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Mortgage Market Update
My Mortgage Company
Teli.AI
Tuesday, October 20, 2026
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Fixed or adjustable: which fits you |
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One of the most important mortgage choices isn't about rate shopping—it's about program structure. Here's what you need to think through.
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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
Choosing between fixed and adjustable rates
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 go with an adjustable rate that starts lower but can change over time. Fixed rates give you payment stability and peace of mind—your rate never changes. Adjustable rates can mean lower initial payments, but they carry the risk that your payment will go up when the adjustment period begins. Which one makes sense depends on your financial situation, how long you plan to stay in your home, and your comfort level with payment uncertainty. There's no one-size-fits-all answer, which is why it's worth talking through your specific circumstances. I can walk you through how each works and help you figure out which aligns with your goals. Let's talk about which program fits your situation best.
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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
Teli.AI
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