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Mortgage Market Update
Scott Campbell
Scott Campbell
Wednesday, September 2, 2026
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Fixed rate or ARM—which fits your plan? |
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Hi there. Picking a mortgage isn't just about the interest rate—the type of loan matters just as much.
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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? Finding your best match
One of the biggest decisions you'll make isn't about how much you borrow—it's about how your rate behaves over time. A fixed-rate loan keeps the same interest rate for the life of your mortgage, so your payment never changes. An adjustable-rate mortgage (ARM) typically starts lower but can move after an initial period. Neither is automatically "right"—it depends on how long you plan to stay in the home, your comfort with payment uncertainty, and market conditions. I help borrowers think through what kind of stability matters to their situation. If you're not sure which structure fits your goals, let's talk through the tradeoffs. Reach out and we can walk through which loan type makes the most 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 Scott Campbell team any time and we'll walk you through your options. |
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