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Mortgage Market Update
Matt Orange
Matt Orange
Wednesday, September 2, 2026
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What to know about payment changes |
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Hi there—this week I want to cover something that doesn't always get enough attention: changes that can happen to your mortgage over time.
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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
Why your mortgage payment might change
If you have an adjustable-rate mortgage or a loan with an interest-only period coming to an end, your monthly payment could shift—sometimes significantly. Even borrowers with fixed rates should understand what's happening in the market, because it affects your home's value and your future options. Knowing what to expect helps you budget confidently and plan ahead. If you're unsure whether your loan could adjust, or you want to talk through what stability might look like for your situation, I'm here to walk through it with you. Let's review your loan terms and make sure you know what's ahead.
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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 Matt Orange team any time and we'll walk you through your options. |
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