Mortgage Market Update

Kristopher McCury

Kristopher McCurry

Wednesday, September 2, 2026

Picking the right mortgage type for you

Hi there. Each week I share a thought about mortgages and homeownership that might help you make smarter decisions.

National Mortgage Rates · August 27, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.55%

VA 30-Year

6.38%

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

Why your loan type matters more than you think

Not all mortgages are created equal. The type of loan you choose—whether fixed-rate, adjustable, FHA, conventional, or something else—shapes your payments, flexibility, and long-term costs in ways that go beyond just the interest rate. Some programs offer lower upfront costs, others protect you from payment surprises. Some are built for first-time buyers, others for people with equity to leverage. The right choice depends on your timeline, risk tolerance, and what you're trying to accomplish. I'd be happy to walk you through which programs align with your situation.

Let's talk about which loan structure makes sense for you—reach out anytime.

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 Kristopher McCury team any time and we'll walk you through your options.

Your Mortgage Advisor

Kristopher McCury

Kristopher McCurry

krism@barrettfinancial.com

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