Gary Wright — Gary Wright · September 2, 2026

Your loan program shapes your mortgage future

Mortgage Market Update

My Mortgage Company

Gary Wright — Gary Wright

Wednesday, September 2, 2026

Your loan program shapes your mortgage future

Hi there. Every homebuyer's path is different—and the loan program you choose should reflect that.

National Mortgage Rates · August 27, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.55%

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.


Loan Programs

Different loans, different lives—which fits yours?

Not all mortgages are created equal. Depending on your situation, you might qualify for a conventional loan, an FHA program, a VA benefit, or a USDA option—each with its own rules, requirements, and trade-offs. A first-time buyer with limited down payment might thrive under one program, while a military veteran or rural buyer has access to advantages others don't. The right loan program can mean a lower down payment, better terms, or faster approval. It's worth understanding what's available to you, because choosing the wrong one can cost you thousands over the life of your loan. I'm here to walk you through the options that actually match your circumstances.

Let's talk about which loan program makes sense for your situation.

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 My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

M

My Mortgage Company

Gary Wright — Gary Wright

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