Justin Oliver · September 2, 2026

Can we make this work for your budget?

Mortgage Market Update

Justin Oliver

Justin Oliver

Wednesday, September 2, 2026

Can we make this work for your budget?

Some weeks the numbers feel tight. Let's look at what's actually within reach for you.

National Mortgage Rates · August 27, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.55%

VA 30-Year

6.38%

Rate trend

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.


Affordability Check

When your budget feels tight on a mortgage

If you're a homeowner watching your budget squeeze tighter, or a buyer wondering whether you can actually afford that house, you're not alone. The cost of homeownership—payments, taxes, insurance, maintenance—adds up fast. The good news is that you have more options than you might think. Depending on your situation, you could explore different loan structures, adjust your down payment, or look at ways to lower your overall monthly obligations. Sometimes it's just a matter of finding the right fit for your specific circumstances. If you're feeling stuck, I'd like to walk through your numbers with you and show you what's actually possible.

Reach out and let's talk about what works for your household.

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 Justin Oliver team any time and we'll walk you through your options.

Your Mortgage Advisor

J

Justin Oliver

Justin Oliver

Justin@LoomisHomeMortgage.com

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