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Mortgage Market Update
Aaron Kozikowski
Wednesday, September 2, 2026
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Different mortgages, different outcomes |
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Hi there. One of the biggest decisions in a mortgage isn't talked about enough—and it's not 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
Not all mortgages work the same way
When you're shopping for a mortgage or thinking about refinancing, it's easy to focus only on the interest rate. But the type of loan you choose—fixed-rate, adjustable-rate, or something in between—matters just as much to your long-term costs and peace of mind. A fixed rate locks in predictability. An ARM might start lower but can shift over time. Other programs offer flexibility or faster payoff paths. The right choice depends on your timeline, risk comfort, and how long you plan to stay in the home. I'd be happy to walk through what each option means for your situation. Let's talk through which loan type makes sense 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 Aaron Kozikowski team any time and we'll walk you through your options. |
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