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Mortgage Market Update
YASMIN MARTIN
Yasmin Martin
Wednesday, September 2, 2026
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Picking the right mortgage type for you |
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There's more to a mortgage than meets the eye. Let me break down why your loan choice 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
What your loan type means for your wallet
Not all mortgages work the same way, and the loan program you choose affects more than just your interest rate—it shapes your payment stability, flexibility, and long-term cost. Fixed-rate loans lock in certainty. Adjustable options may start lower but change over time. Some programs let you build equity faster or require a smaller down payment. Others come with trade-offs in fees or rate. The best choice depends on how long you plan to stay in your home, your risk tolerance, and what matters most to your budget right now. Understanding these differences helps you pick a loan that actually fits your life, not just one that sounds good on paper. I'd love to walk you through what's available and what makes sense for your situation. Let's talk about which loan program could work best for you.
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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 YASMIN MARTIN team any time and we'll walk you through your options. |
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