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Mortgage Market Update
Lisandro Sky
Lisandro Sky
Wednesday, September 2, 2026
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Picking the right mortgage type |
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Hi there. One of the most important decisions you'll make isn't just how much to borrow—it's what kind of loan to get. Let me break down why that matters.
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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
Why your loan type matters more than you think
Not all mortgages work the same way, and the program you choose affects your monthly payment, long-term costs, and flexibility down the road. Fixed-rate loans lock in your interest rate for the life of the loan—predictable and stable. Adjustable-rate mortgages start lower but can change over time. Government-backed programs like FHA, VA, and USDA loans have different eligibility rules and benefits. The right choice depends on how long you plan to stay in your home, your risk tolerance, and what you can afford. I'm here to walk you through your options and help you understand which program makes sense for your situation. 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 Lisandro Sky team any time and we'll walk you through your options. |
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