Mortgage Market Update

Ben Yost

Wednesday, September 2, 2026

Your mortgage options might surprise you

Hi there. This week I want to touch on something that doesn't get enough attention: the mortgage programs themselves.

National Mortgage Rates · August 27, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.55%

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.

Loan Programs

Not all mortgages are created equal

One of the biggest mistakes I see is borrowers thinking there's only one type of loan available to them. In reality, you likely have options—fixed-rate mortgages, adjustable-rate programs, FHA loans, conventional financing, and more. Each one has different terms, requirements, and long-term costs that can add up to real money over 15 or 30 years. The right choice depends on your timeline, risk tolerance, and financial goals. If you've never compared programs side by side, or if your situation has changed since you last looked, it might be worth exploring what's actually available to you. I'm happy to walk through the differences and help you understand which option makes sense for your situation.

Let's talk about which loan program fits your needs best.

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.

Tips for Homeowners

Understanding Mortgage Points

1.	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.

2.	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.

3.	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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Ben Yost team any time and we'll walk you through your options.

Your Mortgage Advisor

Ben Yost

ben.yost@edgehomefinance.com

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