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Mortgage Market Update
Jarred Kuiper
Jarred Kuiper
Wednesday, September 2, 2026
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What type of loan makes sense for you? |
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Hi there—I wanted to share something I see come up a lot with buyers and homeowners. Many people don't realize how much choice they really have when it comes to the type of mortgage they can get.
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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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Loan Programs
More options exist than you might think
When you're shopping for a mortgage, it's easy to assume there's just one standard path. The truth is there are several loan programs designed for different situations—conventional loans, government-backed options, jumbo loans, and others—each with their own strengths. Some programs work better if you're a first-time buyer, others if you have a smaller down payment or unique financial circumstances. The program that makes sense for your neighbor might not be the best fit for you. That's why I always recommend having a real conversation about your specific situation before settling on anything. I'm here to walk through the options and help you understand which program actually aligns with your goals and budget. Let's talk through what programs might work best for your situation.
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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 Jarred Kuiper team any time and we'll walk you through your options. |
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