Mortgage Market Update

Kevin Huettner

Wednesday, September 2, 2026

Picking the right loan type matters

Hi there. There's more variety in mortgage programs than most people realize, and understanding the differences can make a real impact on your decision.

National Mortgage Rates · August 27, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.55%

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.

Loan Programs

Not all mortgages work the same way

When you're shopping for a mortgage, you'll hear terms like fixed-rate, adjustable-rate, FHA, conventional, and VA. Each one has different rules, costs, and protections built in. The right choice depends on your situation: how long you plan to stay, what you can afford today versus later, and what matters most to you. A loan that works great for your neighbor might not be the best fit for you. That's why I always start by understanding your timeline and goals before recommending a program. If you've wondered which type might work for your circumstances, I'd be happy to walk through the options.

Let's talk about which loan program makes sense for you.

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.

Tips for Homeowners

Understanding Mortgage Points

1.	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.

2.	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.

3.	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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Kevin Huettner team any time and we'll walk you through your options.

Your Mortgage Advisor

Kevin Huettner

kevin.huettner@onerealmortgage.com

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