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Mortgage Market Update
Justin Leach
JL Lending Team
Wednesday, September 2, 2026
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You might qualify for more than you realize |
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Hi there—I wanted to share something I see often when borrowers start shopping around. Many people assume they know exactly what loan program they need, but there's usually more flexibility than they expect.
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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
Your loan options are wider than you think
When you're ready to buy or refinance, the loan program you choose matters as much as the rate itself. Beyond the standard 30-year fixed mortgage, there are programs designed for different situations—whether you're a first-time buyer, self-employed, have a shorter timeline, or want to build equity faster. Each has trade-offs worth understanding. The right fit depends on your income stability, how long you plan to stay in the home, and your comfort level with different payment structures. I've helped borrowers find programs that seemed like a perfect match for their situation, but only after we talked through what actually matters to their family. If you're unsure which path makes sense for you, I'd like to walk through your options. Let's talk about which loan program fits your goals best.
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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 Justin Leach team any time and we'll walk you through your options. |
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