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Mortgage Market Update
Anita Conrad
Anita Conrad
Wednesday, September 2, 2026
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Different loan types, different results |
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There's more to choosing a mortgage than just the interest rate. The type of loan you pick plays a huge role in your monthly payment and long-term flexibility.
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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 ready to buy or refinance, the loan program you choose shapes your entire financial picture—your monthly payment, how much you can borrow, and what flexibility you have down the road. Fixed-rate mortgages lock in predictability. Adjustable-rate mortgages may start lower but change over time. FHA, VA, and conventional loans each have their own rules about down payments, credit, and who qualifies. Understanding your options means you're not just picking a rate; you're picking the right fit for your situation. I'm here to walk you through what each program means for you and help you find the one that makes sense for your goals. Let's talk about which loan program fits your plan best.
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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 Anita Conrad team any time and we'll walk you through your options. |
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