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Mortgage Market Update
Brandy Harris
Brandy Harris
Tuesday, October 20, 2026
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Fixed or adjustable? Here's what to consider |
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When you're shopping for a mortgage, the interest rate gets all the attention. But the type of loan you choose matters just as much.
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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?
One of the biggest choices in a mortgage isn't about the lender—it's about the loan structure itself. A fixed-rate mortgage locks your interest rate and payment for the entire loan term, giving you predictability and peace of mind. An adjustable-rate mortgage typically starts lower but can change after an initial period, which can work well if you plan to sell or refinance before rates adjust. The right choice depends on your timeline, how long you're staying in the home, and your comfort with payment changes down the road. Neither is inherently better—it's about what aligns with your life and goals. I'd love to walk you through how each option could play out for your specific situation. Let's talk through which structure makes the most sense for you.
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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 Brandy Harris team any time and we'll walk you through your options. |
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