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Mortgage Market Update
Travis Buis
Travis Buis
Wednesday, September 2, 2026
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Which loan program fits your plan? |
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Hi there. Every borrower's situation is different, and so should their loan choice. This week I want to show you why the program matters just as much as the rate.
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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
Finding the right loan type matters more than you think
When you're ready to buy or refinance, the loan program you choose shapes your entire borrowing experience—not just your rate, but your flexibility, costs, and long-term savings. Fixed-rate loans offer predictability; adjustable programs may start lower but shift over time. Some programs reward strong credit; others open doors for borrowers with less-than-perfect history. Government-backed loans work differently than conventional ones. The right fit depends on your timeline, comfort with change, and financial goals. I'd love to walk you through your options and show you which program aligns with your situation. Let's talk through which loan type makes sense for you—reach out anytime.
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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 Travis Buis team any time and we'll walk you through your options. |
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