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Mortgage Market Update
My Mortgage Company
Lynn Berry — Ryan Berry
Wednesday, September 2, 2026
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Finding the right mortgage for your situation |
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One of the most important choices in the mortgage process isn't talked about nearly enough: which loan program you choose. Here's why it matters.
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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 type is right for your situation?
Not all mortgages work the same way, and picking the right loan program matters more than most people realize. Whether you're a first-time buyer, someone with a lower credit score, a self-employed borrower, or a buyer with a smaller down payment, there are programs designed with your circumstances in mind. The right fit can mean lower rates, better terms, or approval when you might not qualify elsewhere. The key is understanding which options actually apply to you and how they compare. I'd love to walk you through what's available based on where you stand right now. Let's talk about which loan program makes the most sense for you.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Lynn Berry — Ryan Berry
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