Steven Dell’Aria · September 2, 2026

Which loan type is right for you?

Mortgage Market Update

Steven Dell’Aria

Steven Dell’Aria

Wednesday, September 2, 2026

Which loan type is right for you?

Hi there. This week I'm breaking down why your mortgage choice matters beyond just the rate.

National Mortgage Rates · August 27, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.55%

VA 30-Year

6.38%

Rate trend

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 are built the same

When you're shopping for a home or thinking about your current loan, the interest rate gets most of the attention. But the type of mortgage you choose matters just as much. Fixed-rate loans, adjustable-rate mortgages, FHA programs, conventional financing — each one has different rules, costs, and long-term implications. What works for your neighbor might not work for you. The right loan depends on how long you plan to stay in your home, your credit profile, your down payment, and your comfort level with your monthly payment. I help borrowers understand these differences so they pick the option that actually fits their situation, not just the one with the lowest rate advertised.

Let's talk about which loan program makes the most sense for your goals.

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 Steven Dell’Aria team any time and we'll walk you through your options.

Your Mortgage Advisor

S

Steven Dell’Aria

Steven Dell’Aria

steven.dellaria@onerealmortgage.com

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