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Mortgage Market Update
Christian Alvarez
Christian Alvarez
Wednesday, September 2, 2026
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Picking the right loan for your situation |
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Hi there. This week I want to talk about something that affects every borrower differently—which type of loan actually works best for you.
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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
What loan type fits your situation?
Not all mortgages are created equal. Depending on where you are in life—whether you're a first-time buyer, building equity over decades, or planning to move soon—different loan structures can work better than others. Fixed-rate mortgages offer predictability and peace of mind. Adjustable-rate options may have lower starting costs if you're not staying long. Government-backed programs like FHA and VA loans help borrowers who might otherwise struggle to qualify. The right choice depends on your timeline, budget, and comfort with change. I'd love to walk through which programs might align with your goals and help you understand the real differences in how they'd work for your family. Let's find the loan that makes the most sense for where you are right now.
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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 Christian Alvarez team any time and we'll walk you through your options. |
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