Mortgage Market Update

Ronald Carias

Wednesday, September 2, 2026

Picking the right loan program matters

Hi there. One of the biggest decisions in a mortgage isn't just the rate — it's which type of loan works best for your life.

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

What loan program is right for you?

Not all mortgages work the same way, and choosing the right loan program can make a real difference in your monthly payment and long-term costs. Whether you're a first-time buyer, looking to refinance, have a smaller down payment, or want to lock in a fixed rate, there are options built for different situations — fixed-rate mortgages, adjustable-rate loans, government-backed programs, and more. Each has its own advantages depending on your timeline, financial picture, and comfort level. The right fit depends on what matters most to you right now. I'd love to walk you through which programs make sense for your goals and help you understand what each one really means for your wallet.

Let's talk about which loan program fits your situation 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 Ronald Carias team any time and we'll walk you through your options.

Your Mortgage Advisor

Ronald Carias

ronaldc@barrettfinancial.com

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