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Mortgage Market Update
Brett Stratton
Barrett Financial Group
Wednesday, September 2, 2026
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Picking the right mortgage for your situation |
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Hi there. This week I want to walk through loan programs — because the mortgage you choose matters as much as the rate you get.
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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 type makes sense for you?
There's no one-size-fits-all mortgage. Depending on your situation — how long you plan to stay in the home, your down payment size, your credit profile, or your income — different loan programs offer real advantages. Some borrowers benefit from fixed-rate stability; others find adjustable rates work well early on. First-time buyers may qualify for programs with lower down payments. If you have a VA background, farming income, or a unique financial picture, specialized programs exist to fit you. The wrong choice can cost you thousands over the life of the loan. The right one gives you peace of mind and better economics. I'd like to review your specifics and show you what options actually open up for you.
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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 Brett Stratton team any time and we'll walk you through your options. |
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2701 East Insight Way suite 150, Chandler, AZ 85286
+1 214-709-1484 | https://brettstratton.theradcrm.com/homepage
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