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Mortgage Market Update
Skyler McCurdy
Skyler McCurdy
Wednesday, September 2, 2026
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What to do when rates feel too high |
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When the mortgage market shifts, your strategy might need to shift too. This week I want to share some practical moves that have helped borrowers move forward even in tougher rate environments.
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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 feel too high
I hear this often: rates have climbed, and now the monthly payment feels out of reach. Here's what I want you to know—you still have options. Some borrowers lock in a rate now and plan to refinance later when rates drop. Others adjust their loan term or explore different programs that might work better for their situation. A few find that a larger down payment shifts the math in their favor. The point is, a high rate environment doesn't mean you're stuck. It means we need to get creative and find the strategy that fits your timeline and goals. Let's talk through what makes sense for you. Reach out and we'll look at your options together—no obligation.
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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 Skyler McCurdy team any time and we'll walk you through your options. |
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