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Wednesday, September 16, 2026 |
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Mortgage Market Update
Fixed or adjustable—which is right for you?
One of the biggest decisions in choosing a mortgage is the type of rate you lock in. Here's what you need to know to decide.
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National Mortgage Rates · September 10, 2026
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Conventional 30-Year
6.88%
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Source: Freddie Mac PMMS & Optimal Blue via FRED
Rates shown are national averages 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 comparing loan options, the choice between a fixed rate and an adjustable rate comes down to your timeline and comfort level. A fixed-rate loan keeps the same rate for the life of the loan—predictable payments, no surprises. An adjustable-rate mortgage typically starts lower but can change after an initial period, which means your payment could go up (or down). Fixed rates work well if you plan to stay in your home long-term or want payment certainty. Adjustable rates can make sense if you're planning to sell or refinance within a few years. The right choice depends on your situation, not on what's "popular." I'd be happy to walk you through how each would look for your specific goals.
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Tip of the Week
Gift funds from family can be used toward a down payment on most loan types — your lender will need a simple gift letter.
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Tips for Homeowners
VA Loans: Benefits Every Veteran Should Know
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VA loans require no down payment and no private mortgage insurance (PMI), making them one of the most powerful home-buying tools available to eligible veterans, active-duty service members, and surviving spouses.
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VA loans do require a funding fee (typically 1.25%–3.3% of the loan amount), which can be rolled into the loan. Veterans with a service-connected disability rating may be exempt from this fee.
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There's no VA loan limit for eligible borrowers with full entitlement — you can finance as much as a lender will approve. If you've had a prior VA loan, partial entitlement rules may apply.
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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 Chris Laye team any time and we'll walk you through your options.
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460 Shadowood Ct Roswell GA 30075
678-313-4879
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