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Mortgage Market Update
Brent Moody
Edge Home Finance Corp
Wednesday, September 2, 2026
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Which mortgage type works for you? |
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There's more than one way to borrow for a home, and the path you take can make a meaningful difference. Let me show you what options exist for your specific situation.
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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 Program Fit
Finding the right loan type for your goals
Not all mortgages work the same way, and that matters more than you might think. Some borrowers benefit from fixed-rate stability; others prefer the flexibility of adjustable terms. First-time buyers often have access to programs designed specifically for them. If you're a veteran, a teacher, or you're buying in a rural area, specialized loan types may open doors or save you money. The program that makes sense depends on your timeline, your income, how long you plan to stay in your home, and what matters most to you financially. Getting this choice right from the start can mean real savings over the life of your loan. I'd love to walk through what's available to you and which option aligns with your situation. Let's talk about which loan program fits your needs best.
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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 Brent Moody team any time and we'll walk you through your options. |
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(253) 381-4067 | www.brentmoodyloans.com
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