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Mortgage Market Update
Joey Rivero
Clear Choice Lending Group
Friday, September 11, 2026
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Fixed or adjustable—what's right for you? |
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There's more than one way to structure a mortgage, and the choice you make can shape your finances for years to come. Here's what you should know before deciding.
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National Mortgage Rates · September 10, 2026
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Conventional 30-Year
6.76%
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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 rate type makes sense now?
When you're shopping for a mortgage or thinking about refinancing, one of the first choices you'll face 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, and easier to budget around. An adjustable rate typically starts lower but can change after an initial period, which means your payment could go up (or down, though that's less common). The right choice depends on your comfort with risk, how long you plan to stay in the home, and what's happening in the broader rate environment. I'm happy to walk you through the pros and cons of each so you can make the choice that fits your situation. Let's talk about which loan structure works best for your goals.
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Tip of the Week
Gift funds from family can be used toward a down payment on most loan types — your lender will need a simple gift letter.
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Tips for Homeowners
VA Loans: Benefits Every Veteran Should Know
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1.
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VA loans require no down payment and no private mortgage insurance (PMI), making them one of the most powerful home-buying tools available to eligible veterans, active-duty service members, and surviving spouses.
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2.
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VA loans do require a funding fee (typically 1.25%–3.3% of the loan amount), which can be rolled into the loan. Veterans with a service-connected disability rating may be exempt from this fee.
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3.
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There's no VA loan limit for eligible borrowers with full entitlement — you can finance as much as a lender will approve. If you've had a prior VA loan, partial entitlement rules may apply.
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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 Joey Rivero team any time and we'll walk you through your options. |
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