Mortgage Market Update

My Mortgage Company

Stephanie Washington — Stephanie Washington

Wednesday, September 2, 2026

Finding the right loan for you

Hi there. This week I want to walk you through an important choice that many borrowers overlook.

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

Which loan fits your situation best?

Not all mortgages are created equal. Depending on where you are in your financial life, you might benefit from a conventional loan, an FHA program, a VA loan, or something else entirely. Each has different rules around down payments, credit requirements, and monthly costs. The right choice depends on your credit score, how much you've saved, whether you're a first-time buyer, active military, or a veteran, and how long you plan to stay in your home. I've helped borrowers save thousands by matching them with the loan program that actually works for their circumstances—not just the one that sounds familiar. If you're not sure which path makes sense for you, let's talk through your situation.

Reach out and we'll find the loan program that 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

Stephanie Washington — Stephanie Washington

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