Brandt Myers · September 2, 2026

Ready to stop renting?

Mortgage Market Update

Brandt Myers

Brandt Myers

Wednesday, September 2, 2026

Ready to stop renting?

Hi there. This week I wanted to focus on something I hear a lot: people who are ready to buy but aren't sure where to start.

National Mortgage Rates · August 27, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.55%

VA 30-Year

6.38%

Rate trend

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.


First-Time Buyer

Getting ready to buy? Start here.

If you're thinking about buying your first home, the path forward doesn't have to feel overwhelming. The right mortgage loan officer can walk you through what you actually need — from understanding your budget and credit readiness, to learning which loan programs make sense for your situation, to knowing what to expect at closing. Most first-time buyers benefit from a simple conversation early on, before they fall in love with a house. That way, you know exactly what you can afford and what lenders will approve, and you can move fast when you find the right place.

Reach out if you'd like to talk through your first-home plans — no pressure, just clarity.

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 Brandt Myers team any time and we'll walk you through your options.

Your Mortgage Advisor

B

Brandt Myers

Brandt Myers

brandt@mountaingoatmortgage.com

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