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Mortgage Market Update
Ryan Stoker
Barrett Financial
Wednesday, September 2, 2026
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Which mortgage type is right for you? |
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Hi there. This week I want to break down loan programs in plain English—because picking the right one 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
What your loan options actually mean for you
When you're shopping for a mortgage or considering a refinance, you'll hear terms like fixed-rate, adjustable-rate, FHA, conventional, and VA. It's easy to tune out—but your choice here shapes your monthly payment and long-term costs more than almost anything else. The right loan program for you depends on your timeline, how stable your income is, and how comfortable you are with payment changes down the road. I work with borrowers every week who realize they never fully understood the differences. Let's talk through which options fit your situation best. Reach out and we can walk through which loan program makes the most sense for where you are right now.
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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 Ryan Stoker team any time and we'll walk you through your options. |
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