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Mortgage Market Update
My Mortgage Company
Carli Anderson — Carli Anderson CRM
Wednesday, September 2, 2026
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Picking the right loan type matters more than you think |
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Not all mortgages work the same way. Here's why choosing the right loan program is one of the smartest decisions you'll make as a homeowner.
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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 your loan type really means for your budget
When you're shopping for a mortgage, you'll hear terms like fixed-rate, adjustable-rate, FHA, conventional, and VA. These aren't just industry jargon—they're the foundation of what you'll pay each month and how your loan behaves over time. Your loan type affects everything from your interest rate to the down payment you need to whether you can tap into your equity later. The right program for you depends on your timeline, risk tolerance, and financial picture. I'd rather see you pick the loan that actually fits your life than chase the one with the lowest teaser rate. If you're unsure which programs you qualify for or which makes sense for your situation, that's exactly what I'm here to help you figure out. Let's walk through your options together—reach out when you're ready.
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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
Carli Anderson — Carli Anderson CRM
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