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Mortgage Market Update
Dave Medina
The Alevate Group/CMG Home Loans
Wednesday, September 2, 2026
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Choosing the right loan program for you |
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Not all mortgages are created equal. The loan program you select can make a real difference in how your home purchase or refinance works out.
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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
Why your loan program matters more than you think
When you're shopping for a mortgage, it's easy to focus only on the interest rate. But the type of loan you choose—whether it's a fixed-rate mortgage, an adjustable-rate option, a government-backed program, or something else—shapes your entire financial picture for years to come. Different programs offer different advantages depending on your timeline, risk tolerance, and goals. Some borrowers benefit from the predictability of fixed rates. Others find flexibility in adjustable programs if they plan to move or refinance soon. First-time buyers might qualify for programs with lower down payments. The right choice depends entirely on your situation, not on what worked for someone else. I'd love to walk through your options and help you understand which program aligns with your needs and comfort level.
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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 Dave Medina team any time and we'll walk you through your options. |
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28780 Single Oak Drive, Suite 250, Temecula, Ca 92590
951-858-4761 | https://www.cmgfi.com/team/Alevate-Group
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