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Mortgage Market Update
Johnny DuRocher
Johnny DuRocher
Wednesday, September 2, 2026
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Picking the right loan type for you |
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There's more to a mortgage than just the interest rate. This week, I want to walk you through why the structure of your loan matters—and how to think about which option fits your life best.
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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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Smart Money
Why your loan type matters more than you think
When you're shopping for a mortgage or thinking about refinancing, the interest rate gets all the attention. But the loan structure itself—whether you choose a fixed rate, adjustable rate, or something in between—shapes your entire borrowing experience. Different loan types suit different situations. Some borrowers benefit from stability and predictability; others can capitalize on flexibility. The right choice depends on how long you plan to stay in your home, how comfortable you are with change, and what your financial picture looks like down the road. Understanding the trade-offs helps you avoid surprises and make a decision you'll feel good about for years to come.
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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 Johnny DuRocher team any time and we'll walk you through your options. |
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2701 East Insight Way, Suite 150 Chandler AZ 85286
https://johnnydurocher.theradcrm.com/home
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