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Wednesday, September 2, 2026 |
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Mortgage Market Update
New homes cheaper than resale? Here's what's happening
Some surprising shifts are happening in the housing market right now—and a few of them might actually work in your favor. We've pulled together stories this week that could change how you think about buying.
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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
What to do when rates drop
When mortgage rates move lower, homeowners often face a choice: refinance to a new loan, or stay put. There's no one-size-fits-all answer—it depends on how long you plan to stay in your home, what your current rate is, and what your goals are. Some people refinance to lower their monthly payment. Others use it as a chance to shorten their loan term or tap equity for a renovation or other need. The key is understanding what actually makes sense for your situation, not just chasing the idea of a lower rate. If rates have moved in your favor, I'd recommend a quick conversation about whether refinancing pencils out 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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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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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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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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Real Estate - Keeping Current Matters
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For the first time in recent memory, newly built homes are actually priced lower than comparable existing homes in many markets. This reversal of the usual pattern could open up options for buyers who thought new construction was out of reach. If you're house shopping, it's worth comparing both new and resale inventory before you decide.
| Key takeaway: compare new construction and existing homes side by side—new builds may offer better pricing and financing terms right now. |
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Real Estate - Keeping Current Matters
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As affordability pressures keep buyers from making offers, sellers are increasingly willing to negotiate on price rather than wait for the perfect deal. This shift means there's real room to negotiate and potentially lower your monthly payment when you find a home you like. It's a sign that the market is moving in buyers' favor.
| Key takeaway: if you're looking at homes right now, you have more negotiating power than you might think—especially on price and terms. |
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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 Paul Cederholm team any time and we'll walk you through your options.
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303-931-6798
Mortgage Broker | Cederholm Mortgage Advisors - Edge Home Finance · Unsubscribe
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