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Mortgage Market Update
Cat Barnett
Cat Barnett
Wednesday, September 2, 2026
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Your home's value and what it means for you |
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Home values move constantly. I wanted to walk you through why that matters and what it could mean for your mortgage options.
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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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Affordability Check
What changes when your home value shifts
Your home's value isn't just a number on a Zillow estimate—it directly affects what you can do with your mortgage. When home values in your area move, your options change too. You might find yourself with more borrowing power through a cash-out refinance, or discover that a HELOC becomes available to you. On the flip side, if values soften, it's worth understanding how that shapes your next steps. The key is knowing where you actually stand. I'd encourage you to reach out so we can run the numbers on your specific situation and talk through what makes sense given today's market and your goals.
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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 Cat Barnett team any time and we'll walk you through your options. |
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(720) 300-6777 | www.LoanFIT.us
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