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Mortgage Market Update
Dwayne Kawar
Dwayne Kawar
Wednesday, September 2, 2026
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Picking the right mortgage type |
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Hi there, I wanted to share something that doesn't get enough attention when people are shopping for a mortgage. The type of loan you choose shapes your entire borrowing experience.
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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
One of the biggest decisions you'll make isn't just about the interest rate—it's about the loan itself. Fixed-rate mortgages lock in your payment for 15, 20, or 30 years. Adjustable-rate mortgages start lower but can change. Government-backed loans like FHA and VA have different rules than conventional mortgages. Each one has trade-offs that matter depending on how long you plan to stay in your home and how comfortable you are with payment changes. The right choice depends on your situation, not just current rates. That's why I always recommend talking through your options before you commit. Let's figure out which loan program 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 Dwayne Kawar team any time and we'll walk you through your options. |
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