Mortgage Market Update

My Mortgage Company

Angela Maw — RISE Lending

Wednesday, September 2, 2026

Which mortgage type works best for you?

Hi there. With so many loan options out there, it's easy to feel lost in the details. This week I want to break down why the type of loan you choose matters just as much as the rate.

National Mortgage Rates · August 27, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.55%

VA 30-Year

6.38%

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.

Loan Programs

Finding the right loan type for your situation

Not all mortgages are created equal, and the right loan for your neighbor might not be the right one for you. Whether you're a first-time buyer, looking to refinance, or buying again, understanding the differences between loan programs—fixed-rate, adjustable-rate, government-backed options, and others—can make a real difference in your monthly payment and long-term costs. The program that works depends on your timeline, risk tolerance, down payment, and credit. I'd be happy to walk you through the options and help you figure out which one makes the most sense for where you are right now.

Give me a call or send over a note—let's talk about which loan type fits your goals.

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.

Tips for Homeowners

Understanding Mortgage Points

1.	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.

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Angela Maw — RISE Lending

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