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Mortgage Market Update
Evelyn Morgan
Keyway Lending powered by Edge Home Finance
Wednesday, September 2, 2026
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Fixed or adjustable—which one is right? |
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Hi there. Every mortgage decision comes with trade-offs, and one of the biggest is the type of rate you choose.
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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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Fixed vs. Adjustable
Why your loan type matters more than you think
When you're shopping for a mortgage, one of the biggest decisions is whether to lock in a fixed rate or go with an adjustable one. A fixed rate stays the same for the life of your loan — predictable, stable, no surprises. An adjustable rate typically starts lower but can change after an initial period, which means your payment could go up down the road. The right choice depends on your comfort with risk, how long you plan to stay in your home, and where rates are headed. There's no universal "best" option, but understanding the trade-offs helps you sleep better at night. I'd love to walk you through what makes sense for your specific situation. Let's talk through which loan type fits 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 Evelyn Morgan team any time and we'll walk you through your options. |
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