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Mortgage Market Update
Kevin Dull
KD The Broker (powered by Edge Home Finance)
Wednesday, September 2, 2026
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Picking the right loan type for your goals |
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Hi there — I've been thinking about how often borrowers focus on one number (the rate) when the bigger win is choosing the right loan structure. Here's why that distinction 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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Smart Borrowing
Why your loan type matters more than you think
Not all mortgages work the same way, and choosing the right one can make a real difference in your financial life. Some loans offer flexibility if rates drop. Others lock in stability when the market is uncertain. A few come with built-in options for borrowers who plan to stay put, while others reward those who might move or refinance down the road. The best fit depends on your timeline, comfort level with change, and what you're trying to accomplish with your home. I'd love to walk you through the options that make sense for your situation and help you understand the real trade-offs — not just the rate, but how each choice affects your life over time.
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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 Kevin Dull team any time and we'll walk you through your options. |
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4487 Bobwhite Trace
6146658801 | www.kdthebroker.com
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