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Mortgage Market Update
Brandy Feast
Brandy Feast
Wednesday, September 2, 2026
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Why your loan type matters more than you think |
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Everyone's mortgage story is different. This week, I want to talk about one of the biggest decisions you'll make: which loan program to 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 Programs
Not all mortgages are built the same
One of the things I explain most often is why two borrowers with similar credit and down payments might end up with very different loan structures. It comes down to your situation—your timeline, how much you're putting down, whether you're a first-time buyer, or if you're borrowing against equity you've built. Different loan programs exist because different people have different needs. What works for your neighbor might not be the best fit for you. That's why I always start by listening to your goals before I recommend anything. If you're curious whether your current loan is the right one for you, or you're exploring options before buying, I'd love to walk through what's available. Reach out anytime—let's talk about which loan program makes sense for your situation.
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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 Brandy Feast team any time and we'll walk you through your options. |
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