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Mortgage Market Update
My Mortgage Company
Sean G Lusk — Sean G Lusk
Wednesday, September 2, 2026
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Picking the right mortgage for your needs |
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Hi there. When you're shopping for a home or thinking about your current loan, one of the most important decisions is choosing the right mortgage type. Here's what you should know.
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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 type of loan fits your situation?
Not all mortgages are the same, and the right program for you depends on your down payment, timeline, and long-term plans. Some borrowers benefit from fixed-rate loans that keep payments stable for decades. Others prefer adjustable rates that start lower, or government-backed programs designed for first-time buyers or those with tighter budgets. A few minutes reviewing your options — and your goals — can mean the difference between a loan that feels like a burden and one that works seamlessly with your life. I'd be happy to walk you through which programs make sense for where you stand today. Let's talk about which loan program could work best 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
Sean G Lusk — Sean G Lusk
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