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Mortgage Market Update
Ken Janes
Ken Janes
Wednesday, September 2, 2026
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Which loan program actually fits your situation? |
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Hi there. Every homeowner and buyer has different needs—and the mortgage market has options to match.
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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 are built the same
When you're ready to buy or refinance, the loan program you choose matters just as much as the rate itself. Different programs come with different requirements, flexibility, and long-term costs. Some borrowers benefit from government-backed loans with lower down payments. Others do better with conventional programs that offer faster closing or fewer restrictions. And if you're building equity in your current home, you might have access to options that weren't available when you first borrowed. The right fit depends on your situation—not on what worked for someone else. I'd love to walk you through what's actually available to you and why one program might make more sense than another. Let's find the right loan program for your goals.
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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 Ken Janes team any time and we'll walk you through your options. |
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