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Mortgage Market Update
Terri Churchman
Terri Churchman
Wednesday, September 2, 2026
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What type of mortgage makes sense for you? |
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Not all mortgages are created equal—and that's a good thing. Different loan programs exist because different borrowers have different needs.
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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 works best for your situation?
There's no one-size-fits-all mortgage. Some borrowers benefit from fixed-rate loans for predictable monthly payments. Others find adjustable-rate mortgages useful as a stepping stone. Federal programs like FHA, VA, and USDA loans open doors for borrowers who might not qualify elsewhere. Conventional loans work well for those with solid credit and a larger down payment. The right choice depends on your timeline, risk tolerance, credit profile, and how long you plan to stay in your home. I've helped borrowers through every program, and the key is matching the loan to your actual life—not what sounds fanciest. Let's talk through your options. Reach out if you'd like to explore which program fits your goals.
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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 Terri Churchman team any time and we'll walk you through your options. |
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