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Mortgage Market Update
Angela Carter
Edge Home Finance
Wednesday, September 2, 2026
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Fixed or adjustable—what's right for you? |
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Hi there,
There's more to choosing a mortgage than just finding the lowest rate. Let me explain what I mean.
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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 Program Fit
Fixed or adjustable: which mortgage suits your plan?
One of the most important choices you'll make isn't about the rate—it's about the structure of your loan itself. A fixed-rate mortgage keeps your payment steady for the life of the loan, which means predictability and peace of mind. An adjustable-rate mortgage typically starts lower but can change over time, which works better if you're planning to sell or refinance within a few years. Your timeline, risk tolerance, and how long you plan to stay in the home should all factor into this decision. I'd love to walk through which structure makes sense for your situation. Let's talk about which mortgage type aligns with your goals—reach out anytime.
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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 Angela Carter team any time and we'll walk you through your options. |
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972-900-2134 | www.AngieKnowsLoans.com
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