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Mortgage Market Update
My Mortgage Company
Jesse Crawford
Wednesday, September 2, 2026
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Which loan type fits your situation? |
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Hi there — this week I want to talk about something that often gets overlooked when people are house hunting or thinking about refinancing: the actual structure of the loan itself.
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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
Picking the right loan type matters more than you think
When you're ready to buy or refinance, there are more loan options available than most people realize. Fixed-rate mortgages, adjustable-rate loans, FHA programs, conventional financing — each one works differently and serves different financial situations. The wrong choice can cost you thousands over time; the right one can align perfectly with your plans. I've seen borrowers save substantially simply by understanding which program matched their timeline and comfort level. If you're unsure which path makes sense for your goals, or if you want to explore options you didn't know existed, let's talk through them together. Reach out anytime — I'm happy to walk you through what's available.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Jesse Crawford
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