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Mortgage Market Update
My Mortgage Company
Jennifer Bedford — Jennifer Bedford
Wednesday, September 2, 2026
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Does your mortgage payment stay the same? |
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A lot of borrowers don't realize there's a difference between fixed and adjustable mortgages until they see their statement change. Let me explain what's happening and why it 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 mortgage payment might change (and what to do)
If you have an adjustable-rate mortgage or are considering one, it's worth understanding how your payment can shift over time. Some borrowers lock in a fixed rate for peace of mind — others choose adjustable terms that start lower but can move with market conditions. The key is knowing what you signed up for and planning ahead. If you're unsure whether your loan is fixed or adjustable, or you're wondering whether a change makes sense for your situation, I'm here to walk you through it. A quick conversation can clear up confusion and help you feel confident about your mortgage. Reach out anytime — I'm happy to review your loan details and answer questions.
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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
Jennifer Bedford — Jennifer Bedford
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