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Mortgage Market Update
Chris Ristau
Chris Ristau
Wednesday, September 2, 2026
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What type of loan fits your plan? |
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Hi there, I wanted to share some thoughts on something that comes up often in my conversations with clients—and it's rarely 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
Finding the right loan type for your goals
Not all mortgages are created equal, and the right one depends on where you are in your financial life. Whether you're a first-time buyer, planning to stay put for decades, or thinking about a move in a few years, different loan structures can work better than others. Some programs offer flexibility; others reward stability with better terms. The choice affects not just your monthly payment, but how your equity builds and what happens if your situation changes. I'd encourage you to think about your timeline and comfort level—then let's talk through which option fits best. Reach out if you'd like to explore what loan type makes the most sense for your situation.
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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 Chris Ristau team any time and we'll walk you through your options. |
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