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Mortgage Market Update
Rachel Weaver
Rachel Weaver
Wednesday, September 2, 2026
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Not all mortgages are created equal |
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Every homeowner I work with has different priorities and plans. This week, I want to touch on something that deserves more attention than it usually gets: the type of loan you choose.
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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
Different loans, different results
Not all mortgages work the same way, and the loan you choose can shape your monthly payment and long-term costs more than you might realize. Some programs come with built-in flexibility—like the ability to pay down principal faster without penalty, or options to adjust your payment as your life changes. Others lock in simplicity and predictability from day one. The right fit depends on your financial goals, how long you plan to stay in your home, and what matters most to you right now. I'd be happy to walk you through the options and what each one could mean for your situation. Let's talk about which loan structure makes sense 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 Rachel Weaver team any time and we'll walk you through your options. |
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