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Mortgage Market Update
Jesse Moorhouse
Jesse Moorhouse
Wednesday, September 2, 2026
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Picking a loan program that fits your life |
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Hi there. One of the most important decisions in a mortgage isn't just the rate—it's the program itself.
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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 the right loan program for your situation
Not all mortgages are created equal, and the right program depends on where you are in life. Some borrowers benefit from fixed rates that lock in predictability. Others qualify for programs with lower upfront costs or built-in flexibility. First-time buyers have options tailored to their circumstances. Homeowners with existing loans may find different programs work better on a refinance. The key is matching the program to your goals—whether that's stability, lower monthly payments, faster payoff, or something else entirely. I'd be happy to walk through which programs make sense given what matters most to you. Let's talk about which loan program aligns with your goals.
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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 Jesse Moorhouse team any time and we'll walk you through your options. |
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