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Mortgage Market Update
Mortgages By Nikki
Mortgages By Nikki
Wednesday, September 2, 2026
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Picking the right mortgage structure matters |
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Not every mortgage works the same way. This week, I want to walk you through why the structure of your loan matters as much as the rate itself.
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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 Program Fit
Finding the right loan structure for your situation
Not all mortgages work the same way, and that matters more than you might think. Some borrowers benefit from fixed-rate stability; others do better with flexibility built in. The loan program you choose affects how your payments work, how quickly you build equity, and what happens if your circumstances change down the road. Whether you're buying for the first time, stepping up to a new home, or thinking about your next move, understanding which program aligns with your goals—not just the lowest number—is what separates a good loan from the right one. I'd welcome a conversation about what structure makes the most sense for your timeline and comfort level. Let's talk about which loan program fits your plans best.
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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 Mortgages By Nikki team any time and we'll walk you through your options. |
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