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Mortgage Market Update
My Mortgage Company
Sean Price — Sean Price Lending Group
Wednesday, September 2, 2026
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Finding the right loan type for you |
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Hi there. With so many mortgage options out there, it helps to know which ones actually apply to your situation.
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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 loan program actually fits your situation?
When you're shopping for a mortgage, it's easy to get caught up comparing rates without stepping back to ask: is this the right type of loan for me? A conventional loan, FHA, VA, USDA program — each has different requirements, benefits, and trade-offs. Some make sense if you're putting down a smaller amount. Others reward you for a larger down payment or a strong credit profile. And some are designed specifically for rural properties or military service. The right program isn't about the lowest advertised rate; it's about which option reduces your risk and fits how you actually plan to live in and pay for your home. I'd love to walk through your situation and help you understand which program types are available to you. Let's talk about which loan program makes sense for 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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Sean Price — Sean Price Lending Group
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