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Mortgage Market Update
My Mortgage Company
One Stop Financial Group
Wednesday, September 2, 2026
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What's your credit score telling lenders? |
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Hi there. This week I'm sharing something that comes up in almost every conversation I have with borrowers—and it's often more important than people realize.
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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 Borrowing
Why your credit score matters more than you think
Your credit score isn't just a number—it's one of the biggest factors that lenders look at when you apply for a mortgage. A higher score can mean access to better loan terms, while a lower one might limit your options or cost you more over time. If you're planning to buy, refinance, or just want to know where you stand, it's worth understanding what goes into that score and whether there are opportunities to strengthen it before you apply. Small improvements can add up to real savings. I'd be happy to walk you through what lenders see and talk about your specific situation. Let's chat about where your credit stands and what it might mean for your borrowing power.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
One Stop Financial Group
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