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Mortgage Market Update
My Mortgage Company
Darryl Bowles
Wednesday, September 2, 2026
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Fixed or adjustable—which is right for you? |
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Hi there. This week I want to talk about something that doesn't always get enough attention when people are comparing mortgages.
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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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Smart Money
Why your loan type matters more than you think
When you're shopping for a mortgage, it's easy to fixate on interest rates. But the structure of your loan—whether it's a fixed rate, adjustable rate, or something in between—shapes your finances for years. A fixed-rate loan locks in predictability; an adjustable-rate loan might offer a lower starting point but introduces future uncertainty. Each has real trade-offs depending on how long you plan to stay, how your income might change, and how comfortable you are with payment shifts down the road. Understanding which loan type fits your life matters as much as the rate itself. I'd be happy to walk through your options and explain how each one would work for your situation. Let's talk about which loan structure makes sense for you.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Darryl Bowles
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