Mortgage Market Update

Erik Olson

Wednesday, September 2, 2026

What kind of mortgage is right for you?

Hi there, One of the most important decisions in the mortgage process isn't about rates—it's about the type of loan you choose.

National Mortgage Rates · August 27, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.55%

VA 30-Year

6.38%

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 Program Fit

Picking the right loan type matters more than you think

Not all mortgages are created equal—and the one that's right for you depends on your situation, timeline, and comfort level. Some borrowers do better with a fixed rate that never changes. Others benefit from adjustable options or specialized programs designed for first-time buyers, rural properties, or lower down payments. The wrong choice can mean paying more over time or carrying stress you didn't need to. The right choice can unlock a path to homeownership or savings you didn't know you had. That's why I always start by listening to what matters most to you, then matching you with a program that actually fits your life.

If you're not sure whether your current loan is still the best fit, or you're exploring what's available as a buyer, I'm here to walk through the options with you.

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

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 Erik Olson team any time and we'll walk you through your options.

Your Mortgage Advisor

Erik Olson

erik.olson@onerealmortgage.com

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