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Mortgage Market Update
Suzanne Camp
Suzanne Camp
Wednesday, September 2, 2026
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Fixed or adjustable? Here's what to consider |
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Some of the best financial decisions happen before you even apply. This week, I want to make sure you understand one choice that really matters.
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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
Not all mortgages work the same way, and choosing between a fixed rate, adjustable rate, or other program shapes your entire financial picture. A fixed rate keeps your payment stable no matter what happens to the market — that peace of mind has real value. An adjustable rate might start lower, but it can change over time, which means your payment could go up. The right choice depends on your timeline, how long you plan to stay in your home, and what kind of payment certainty you need. I'd be happy to walk you through how each option works and which might fit your situation best. Let's talk about which loan program makes sense for you — 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 Suzanne Camp team any time and we'll walk you through your options. |
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