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Mortgage Market Update
My Mortgage Company
Jose L Calvo Jr — Jose Calvo Jr
Wednesday, September 2, 2026
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Fixed or adjustable—what's best for you? |
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Hi there. This week I want to cover one of the most important questions I get from borrowers: which type of mortgage rate actually works best for their life.
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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 vs. adjustable: which fits your plan?
One of the biggest decisions in a mortgage isn't just the rate—it's whether that rate stays locked in or changes over time. A fixed-rate mortgage keeps your payment steady for the life of the loan, which makes budgeting predictable and protects you if rates climb. An adjustable-rate mortgage often starts lower but can change after an initial period, which works well if you're planning to sell or refinance before the adjustment kicks in. The right choice depends on your timeline, risk tolerance, and how long you plan to stay in the home. I'd love to walk you through how each option plays out in your specific situation. Let's talk about which loan structure makes sense for your 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 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
Jose L Calvo Jr — Jose Calvo Jr
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