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Mortgage Market Update
Rafi Hatamian
Phast Funding
Wednesday, September 2, 2026
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Picking the right loan program for you |
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Hello,
Every borrower's situation is different, and your loan program should reflect that.
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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
Which loan program fits your situation?
Not all mortgages are the same, and the right loan program depends on your goals, timeline, and finances. Some borrowers benefit from fixed-rate loans that lock in predictability. Others find adjustable-rate options work better if they plan to move or refinance sooner. Then there are specialized programs—like those designed for first-time buyers or borrowers with unique circumstances—that can open doors that wouldn't otherwise. The program you choose shapes your monthly payment, your long-term costs, and your peace of mind. If you're unsure which makes sense for you, I'd love to walk through your options and show you how each one would actually work with your numbers. Let's talk about which loan program aligns best 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 Rafi Hatamian team any time and we'll walk you through your options. |
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(310) 849-1450
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