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Mortgage Market Update
Trevor Sanders
Wednesday, September 2, 2026
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Picking the right mortgage program |
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Hi there,
With so many mortgage options out there, it helps to know which one actually matches your needs.
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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
Which mortgage program fits your situation?
Not all mortgages are created equal, and the right program for one borrower might not be right for another. Fixed-rate loans lock in your payment for the full term. Adjustable-rate mortgages start lower but can change later. Government-backed programs like FHA, VA, and USDA have their own rules and benefits depending on your circumstances. Some borrowers benefit from shorter loan terms, while others prefer the lower monthly payment of a longer one. The program you choose affects not just your monthly payment, but how much interest you'll pay over time and how much flexibility you have down the road. If you're not sure which option makes the most sense for your goals and budget, I'd be happy to walk through the pros and cons with you. Let's find the program that works for your situation—reach out anytime.
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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 Trevor Sanders team any time and we'll walk you through your options. |
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