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Mortgage Market Update
Tanner Floyd
Tanner Floyd
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 loan decisions you'll make, and why the choice matters more than rates alone.
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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 fits your plan?
One of the biggest choices when getting a mortgage—or refinancing—is whether to lock in a fixed rate for the life of the loan or start with a lower adjustable rate. There's no universally right answer, but the right answer for you depends on how long you plan to stay in the home and how comfortable you are with uncertainty. If you're thinking about moving or refinancing within a few years, an adjustable loan might work. If you want predictability and plan to be there long-term, fixed is usually the safer bet. The trade-offs are real, and they matter to your monthly budget and your peace of mind. Let's talk through which option aligns with your timeline and risk tolerance.
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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 Tanner Floyd team any time and we'll walk you through your options. |
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