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Mortgage Market Update
Acorn Mortgage
Wednesday, September 2, 2026
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Finding the right mortgage type for you |
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Hi there. One of the most important decisions you'll make isn't about how much to borrow—it's about which type of loan structure fits your life.
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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
Which loan type fits your situation?
Not all mortgages work the same way, and what's right for your neighbor might not be right for you. Fixed-rate loans lock in predictability. Adjustable options might suit you if you plan to move or refinance. Government-backed programs open doors for buyers with smaller down payments or tighter credit histories. The right choice depends on your timeline, risk comfort, and financial goals—not on what sounds popular. If you're unsure which path makes sense, I can walk you through how each one works and what the real trade-offs are. Let's talk about which loan program aligns with your plans.
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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 Acorn Mortgage team any time and we'll walk you through your options. |
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