Mortgage Market Update

Arturo Solis

Wednesday, September 2, 2026

Picking the right loan type for you

Hi there, This week I want to walk you through something that doesn't get enough attention in the mortgage conversation.

National Mortgage Rates · August 27, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.55%

VA 30-Year

6.38%

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.

Smart Money

Why your loan type matters more than you think

When you're shopping for a mortgage, it's easy to focus only on interest rates. But the type of loan you choose—fixed-rate, adjustable-rate, FHA, conventional, VA—shapes your entire borrowing experience. Each has different rules about down payments, credit requirements, how your payment works over time, and what happens if rates move. The right loan for someone else might not be right for you. I've seen borrowers save thousands by matching their loan type to their actual situation: how long they plan to stay, whether they're comfortable with payment uncertainty, what their credit and savings look like. It's worth a real conversation before you commit.

Let's talk about which loan type makes sense for your goals.

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 Arturo Solis team any time and we'll walk you through your options.

Your Mortgage Advisor

Arturo Solis

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