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Mortgage Market Update
My Mortgage Company
Darwin Earl
Wednesday, September 2, 2026
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One number that changes everything |
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Hi there—this week I want to focus on something that shapes your entire borrowing picture. Your credit score is more powerful than most people realize, and understanding it is the first step to getting a better deal.
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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 determines whether you qualify for a loan and what terms you'll get. Even small differences in your score can affect your rate, your monthly payment, and the total cost of borrowing over the life of a loan. If you haven't checked yours recently, now's a good time. Knowing where you stand helps you make smarter decisions about timing, whether you're buying your first home, refinancing, or planning ahead. I'm happy to walk you through what lenders look for and what you can do to strengthen your position. Let's talk about where your credit stands and what it means for your next move.
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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
Darwin Earl
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