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Mortgage Market Update
Amri Hernandez
Amri Hernandez
Wednesday, September 2, 2026
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Which mortgage fits your situation? |
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Hi there. With so many loan options out there, it's easy to feel overwhelmed. I want to help you understand what's actually available to you.
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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 your home, your credit profile, how much you can put down, and what your income looks like—different loan programs work better for different people. Some borrowers benefit from fixed rates for predictability. Others find adjustable programs valuable early on. Government-backed loans open doors for first-time buyers and veterans. Conventional loans offer flexibility for those with stronger finances. The right choice isn't about what's popular; it's about what aligns with your life and goals. I'd be happy to walk you through the options and help you figure out which program actually fits your situation best. Let's talk about which loan program might work best 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 Amri Hernandez team any time and we'll walk you through your options. |
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