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Mortgage Market Update
Kaitlyn Kaczmar
Kaitlyn Kaczmar
Wednesday, September 2, 2026
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The real cost of your mortgage |
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Hi there. This week I want to shift focus from what you pay monthly to what you'll pay overall—and why that distinction matters more than you might think.
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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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Smart Money Habits
Why your mortgage payment matters less than your total cost
When you're looking at a loan, it's easy to focus on the monthly payment—that's the number that hits your budget every month. But here's what I've learned: the payment is only part of the picture. The real question is what you'll pay in total over the life of the loan, and how that affects your finances five, ten, or twenty years from now. Small differences in rate, term, or down payment can add up to thousands of dollars. That's why it's worth sitting down and looking at the whole story, not just the number due on the first of the month. If you'd like to see how different loan scenarios compare over time, let's talk.
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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 Kaitlyn Kaczmar team any time and we'll walk you through your options. |
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