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Mortgage Market Update
My Mortgage Company
Jamie Becker
Wednesday, September 2, 2026
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Picking the right loan type for your goals |
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Hi there. This week I want to cover something that doesn't get talked about enough: how much your loan program choice 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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Smart Money Moves
Why your loan type matters more than you think
When you're shopping for a mortgage, the interest rate gets most of the attention—but the loan program you choose shapes your whole financial picture. Some borrowers do well with a fixed rate that never changes. Others benefit from programs designed for first-time buyers, or options that reward a larger down payment. And if your situation is unique—self-employed, recent credit challenge, or a non-traditional income—certain programs exist specifically for that. The right loan type can mean lower payments, fewer hoops, or better long-term stability. I'd love to walk you through what's available for your specific situation and help you understand which option aligns with your goals. Let's talk about which loan program might 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
Jamie Becker
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