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Mortgage Market Update
Paige Lott
Paige Lott
Wednesday, September 2, 2026
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Picking the right loan program matters |
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Hi there. I wanted to touch base on something that doesn't get talked about enough: the loan program itself.
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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
What type of loan fits your situation?
There's no one-size-fits-all mortgage. Depending on where you are in life—whether you're buying your first home, upgrading, or looking to refinance—different loan programs offer real advantages. Some programs are designed to help borrowers with smaller down payments. Others reward those with strong credit or stable income. A few focus on specific situations like rural properties or doctor loans. The right program can mean lower monthly payments, fewer upfront costs, or terms that simply match your timeline better. I'd be happy to walk you through which programs you might qualify for and why one could work better than another for your goals. Let's talk about which loan program makes the most sense for where you are right now.
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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 Paige Lott team any time and we'll walk you through your options. |
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