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Mortgage Market Update
Alvin Ransom
Alvin Ransom
Wednesday, September 2, 2026
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Fixed or adjustable: which works for you? |
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Hi there. This week I want to break down one of the most important decisions in a mortgage—and it's not the one most people focus on first.
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National Mortgage Rates · August 27, 2026
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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 or adjustable: which rate type fits your plan?
One of the biggest choices in a mortgage isn't about the lender—it's about the rate itself. A fixed rate stays the same for the life of your loan, which means predictable payments and peace of mind. An adjustable rate often starts lower but can change over time, which works well if you plan to sell or refinance before any adjustment happens. Your timeline, risk comfort, and how long you see yourself in the home all matter here. The right choice depends entirely on your situation, not on what rates are doing this week. If you're unsure which direction makes sense for you, I'm happy to walk through how each option might play out with your specific goals.
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Tip of the Week
Your mortgage interest may be tax-deductible if you itemize. Check with your tax professional to see if it benefits you.
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Tips for Homeowners
Understanding Mortgage Points
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1.
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One mortgage point equals 1% of your loan amount. Paying points ("buying down the rate") reduces your interest rate — typically 0.25% per point, though this varies by lender and market.
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2.
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Calculate your break-even: divide the cost of the points by your monthly savings. If it takes 4 years to break even and you plan to stay 10 years, buying points makes sense.
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3.
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Points paid on a home purchase are generally tax-deductible in the year paid (if you itemize). Points on a refinance must be deducted over the life of the loan.
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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 Alvin Ransom team any time and we'll walk you through your options. |
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Dallas, TX
(469)-564-1633 | https://alvinransom.theradcrm.com
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