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Mortgage Market Update
J. Aaron Kapp
John Hudson
Wednesday, September 2, 2026
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Choosing the right loan for your needs |
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Hi there. This week I want to cover something that shapes your entire borrowing experience: picking a loan program that actually fits your life.
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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
Which loan type makes sense for your situation?
Not all mortgages are created equal. Depending on where you are in life—whether you're a first-time buyer, refinancing an existing loan, or looking to tap into your home's equity—different loan programs may work better for your financial goals and timeline. Fixed-rate loans offer payment stability and peace of mind. Adjustable-rate options can mean lower starting payments. Government-backed programs have their own advantages for eligible borrowers. The right choice depends on your comfort level with risk, how long you plan to stay in your home, and what your monthly budget looks like. I'm happy to walk through the pros and cons of each so you can make a choice that fits your real situation—not just what sounds good on paper. Let's talk about which loan program aligns with your plans.
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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 J. Aaron Kapp team any time and we'll walk you through your options. |
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