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Mortgage Market Update
Torben Berndt
Torben Berndt
Wednesday, September 2, 2026
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What type of mortgage fits your plan? |
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Hi there—I wanted to touch base this week about something that affects your whole borrowing experience: the type of loan you choose.
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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 Guide
Which loan type makes sense for you?
There's no one-size-fits-all mortgage. Depending on your situation—how long you plan to stay in your home, your down payment size, your credit profile, and your comfort with payment changes—different loan programs serve different borrowers well. Some people benefit from fixed rates for predictability. Others qualify for programs designed to help with down payments or closing costs. A few find adjustable options worth considering if they plan to sell or refinance within a set timeframe. The right choice depends entirely on your goals and circumstances, not on what your neighbor chose. I'd like to walk through the options that might fit your picture and help you understand the trade-offs. Reach out whenever you're ready to explore what's available to you. Let's talk through which program could work best for your home and your budget.
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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 Torben Berndt team any time and we'll walk you through your options. |
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