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Mortgage Market Update
My Mortgage Company
Jacob Smith
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 isn't about the rate—it's about the loan structure itself. Let me explain what I mean.
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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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Fixed vs. Adjustable
Why your loan type matters more than you think
When you're shopping for a mortgage, the interest rate gets all the attention—but the type of loan you choose shapes your finances just as much. A fixed-rate mortgage keeps the same payment for the life of the loan, which means predictability and peace of mind. An adjustable-rate mortgage starts lower but can change over time, which appeals to some borrowers but requires you to be comfortable with uncertainty. There's no universally "right" answer; it depends on your timeline, risk tolerance, and plans for the home. If you're planning to stay put and want one unchanging payment, fixed is usually the move. If you're thinking shorter-term or rates are high and you expect them to drop, adjustable might make sense. The key is understanding what you're actually signing up for. I'd love to walk you through your options and help you figure out which structure fits your situation best. Let's talk through which loan type makes the most sense for 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
Jacob Smith
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