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Mortgage Market Update
My Mortgage Company
Ron Succarotte — Ronald Angelo Succarotte
Wednesday, September 2, 2026
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Picking the right loan program for you |
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Every borrower is different, and so are the loans that serve them best. This week I want to help you understand why program choice matters.
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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
Finding your best loan program match
Not all mortgages are created equal, and the right program for your neighbor might not be the right one for you. Some borrowers benefit from fixed-rate stability. Others do well with adjustable rates if they plan to sell or refinance soon. First-time buyers often qualify for programs with lower down payments. Those with substantial equity might unlock better terms on a cash-out refinance. The key is matching the loan structure to your timeline, risk comfort, and financial goals. I'd love to walk through your situation and show you which programs actually make sense for where you are today. Let's talk about which loan program fits your plans 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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Ron Succarotte — Ronald Angelo Succarotte
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