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Mortgage Market Update
Angie Keene
Angie Keene
Wednesday, September 2, 2026
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Picking the right loan type for you |
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Hi there. Every mortgage isn't built the same, and that matters more than you might think.
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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
Not all mortgages work the same way
When you're shopping for a loan, it's easy to focus only on the interest rate. But the *type* of mortgage you choose can matter just as much. Fixed-rate loans lock in your payment for the life of the loan—predictable and stable. Adjustable-rate mortgages start lower but can change over time. Some programs let you put down less money upfront; others reward larger down payments with better terms. The right fit depends on your timeline, your comfort with uncertainty, and your financial goals. I'd like to walk you through which options make sense for your situation. Let's talk about which loan program fits your plan.
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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 Angie Keene team any time and we'll walk you through your options. |
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