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Mortgage Market Update
Your Lender Erin
Xpert Home Lending
Wednesday, September 2, 2026
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Which mortgage program is right for you? |
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Hi there. Every borrower's situation is different, and the mortgage you choose should reflect that.
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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 ready to buy or refinance, the type of loan you choose matters as much as the rate itself. Different programs come with different rules about down payments, credit requirements, how long you lock in your rate, and what happens if rates change. Some borrowers benefit from flexibility; others want predictability. Understanding which program fits your situation — and your timeline — can mean the difference between a smooth closing and unexpected surprises down the road. If you've been thinking about a mortgage move but weren't sure where to start, this is worth a conversation. Let's talk about which loan program makes sense for your 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 Your Lender Erin team any time and we'll walk you through your options. |
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5103046216 | www.yourlendererin.com
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