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Mortgage Market Update
Ryan Nelson
Barrett Financial Group
Wednesday, September 2, 2026
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What type of loan makes sense for you? |
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Hi there. Each week I share something I think will help you make a smarter money decision about your home.
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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 are built the same
When you're shopping for a mortgage, it's easy to focus only on interest rates. But the type of loan you choose matters just as much. Some programs let you put down less money upfront. Others offer flexibility if your income varies or your credit is still improving. A few are designed specifically for first-time buyers. The right choice depends on your situation—your down payment, how long you plan to stay in the home, and what kind of monthly payment works for your budget. I'd be happy to walk you through the options that make sense for you.
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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 Ryan Nelson team any time and we'll walk you through your options. |
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275 E Rivulon Blvd, Suite 200 Gilbert, AZ 85297
480-861-7841 | https://ryannelson.theradcrm.com/
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