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Mortgage Market Update
Veronica DeWitt
Barrett Financial
Wednesday, September 2, 2026
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Your mortgage type shapes your whole payment |
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Hi there, I hope you're doing well. This week I want to cover something that shapes your monthly payment more than most people realize.
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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
Not all mortgages work the same way
When you're shopping for a mortgage, you'll hear terms like fixed-rate, adjustable-rate, FHA, conventional, and VA thrown around. Each one has a different structure, qualification path, and long-term cost picture. The right choice for your neighbor might be completely wrong for you — it depends on your timeline, credit profile, down payment, and how long you plan to stay in the home. I've seen borrowers save thousands by picking the loan program that actually fit their situation, rather than just going with what their cousin used. The good news is that understanding these options doesn't have to be complicated. I'm here to walk you through what each one means and which might be worth exploring for your specific 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 Veronica DeWitt team any time and we'll walk you through your options. |
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5750 Sunrise Blvd Ste 130 ECitrus Heights, CA 95610
5103968994 | www.dewitthomeloans.com
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