Mortgage Market Update

Troy Shuler

Wednesday, October 21, 2026

Fixed rate or adjustable—what's the difference?

Hi there. One of the most important decisions in getting a mortgage isn't always top of mind, but it absolutely should be.

National Mortgage Rates · October 20, 2026

Conventional 30-Year

7.33%

FHA 30-Year

7.13%

VA 30-Year

6.95%

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.

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 mortgage gives you payment stability and peace of mind—your rate never moves, so your principal and interest payment stays the same for 15, 20, or 30 years. An adjustable-rate mortgage often starts lower, which can mean a smaller payment early on, but it resets periodically, so your payment can go up. The right choice depends on your timeline, your risk tolerance, and how long you plan to stay in the home. I'm happy to walk through the trade-offs and help you figure out which structure makes sense for your situation.

Let's talk about which loan type aligns with your goals.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.	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).

2.	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.

3.	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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Troy Shuler team any time and we'll walk you through your options.

Your Mortgage Advisor

Troy Shuler

troy.shuler@onerealmortgage.com

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