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Mortgage Market Update
Tanner Floyd
Tanner Floyd
Tuesday, October 20, 2026
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Picking the right mortgage structure for you |
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Not all mortgages work the same way, and the loan that's right for one person may not be right for another. Here's what matters when you're choosing.
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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 Program Fit
Fixed vs. adjustable: which loan matches your plan?
One question I ask every borrower is simple: how long do you plan to stay in this home? The answer often points toward the right loan structure. A fixed-rate mortgage keeps your payment stable for the life of the loan—predictable, no surprises. An adjustable-rate mortgage may start lower, but the rate changes after an initial period, so your payment can increase down the road. Neither is universally better; it depends on your timeline, comfort with risk, and financial goals. If you're unsure which makes sense for your situation, let's talk through it together. Reach out if you'd like to explore what loan structure works best for your goals and timeline.
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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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