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Mortgage Market Update
My Mortgage Company
Darcy Highfill
Tuesday, October 20, 2026
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Fixed or adjustable: what's the difference? |
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Hi there. This week I want to walk you through one of the most important decisions you'll make when you get a mortgage—and it's something a lot of borrowers don't fully understand until it's too late.
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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 fits your plan?
When you're shopping for a mortgage, one of the biggest choices 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 payment stability and peace of mind—you know exactly what you'll owe each month, no surprises. An adjustable rate often starts lower, which can mean smaller payments early on, but comes with uncertainty down the road. The right choice depends on your timeline, risk tolerance, and how long you plan to stay in the home. There's no universal winner here—it's about what works for your situation and your comfort level. Let's talk through which option 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
Darcy Highfill
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