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Mortgage Market Update
Kris Rich
Kristen Rich
Wednesday, September 2, 2026
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What kind of loan makes sense for you? |
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Hi there. I want to make sure you know about all your options when it comes to financing your home—because choosing the right program can make a real difference.
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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 created equal. Depending on where you are in your homeownership journey—whether you're a first-time buyer, moving up, or refinancing—different loan structures can work better for your goals and finances. Some programs offer flexibility on down payments or credit requirements. Others reward you for a longer timeline or a larger upfront commitment. The right choice depends on your income stability, how long you plan to stay in the home, and what monthly payment makes sense for your budget. I'd love to walk you through the options that apply to your specific situation and help you understand which one aligns with your priorities. Let's talk about which loan program is the best fit 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 Kris Rich team any time and we'll walk you through your options. |
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