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Mortgage Market Update
Thomas Abbate
Thomas Abbate
Wednesday, September 2, 2026
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The loan type question most people skip |
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Hi there. This week I want to talk about something that gets overlooked in the mortgage conversation: choosing the right loan structure for your life.
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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 type actually fits your situation
Not all mortgages work the same way, and picking the right one early matters more than most people realize. Some loans lock in predictable payments for thirty years. Others adjust over time. Some let you put down less money upfront. Some reward borrowers with solid credit. The right choice depends on how long you plan to stay, what your income looks like, and how comfortable you are with change. I've seen borrowers save thousands just by matching their situation to the loan that was built for it. Let's talk about what's actually available to you. Reach out and I'll walk you through which programs make sense for where you are.
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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 Thomas Abbate team any time and we'll walk you through your options. |
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