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Wednesday, September 2, 2026 |
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Mortgage Market Update
The right loan program depends on your situation
Hi — one of the most common questions I hear is "which mortgage should I get?" The answer isn't one-size-fits-all.
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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 loan types work for different situations
Not every mortgage is the same, and that's actually a good thing. Depending on where you are in life and what your financial picture looks like, one loan program might serve you better than another. Some borrowers benefit from fixed rates for predictability. Others have options with adjustable rates or specialized programs designed for specific circumstances. The right fit depends on your timeline, your comfort with payment changes, and your overall financial goals. I'd be happy to walk through what's available to you and why one program might make more sense than another for your situation. Reach out and let's talk about which loan type fits your needs 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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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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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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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 Michael Langille team any time and we'll walk you through your options.
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30 S 7th Ave, Brighton, CO 80601
303-549-1119
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