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Mortgage Market Update
The Douglas Team
The Douglas Team
Wednesday, September 2, 2026
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Finding the right loan program for you |
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Every borrower's situation is different, and that's why we offer more than one path forward. This week, I want to remind you that the mortgage program matters as much as the rate.
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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
What loan program fits your situation?
Not all mortgages are created equal, and the right program for your neighbor might not be right for you. Some borrowers benefit from fixed-rate loans that lock in predictability. Others find adjustable-rate options, government-backed programs, or portfolio loans solve a specific problem—whether that's a shorter timeline, a unique property, or a tighter budget early on. The program you choose affects your payment, your flexibility, and your peace of mind for years. I'd be happy to walk through which programs make sense given where you are in life and what you're trying to accomplish. Let's talk about which loan program aligns with your goals.
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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 The Douglas Team team any time and we'll walk you through your options. |
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