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Mortgage Market Update
Dante Zompetti
Company Leads - A-Z Lending
Wednesday, September 2, 2026
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When rates move, your options move too |
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Hi there. This week I wanted to break down something that comes up in almost every conversation I have: how sensitive your mortgage is to rate changes.
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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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Home Affordability
What changes when rates move
When interest rates shift, it doesn't just affect the rate itself—it touches your monthly payment, what price range you can comfortably afford, and whether refinancing makes sense. A half-point move can change your buying power by tens of thousands of dollars, or lower your payment by a meaningful amount if you're refinancing. The key is understanding how these pieces fit together so you can make decisions based on your actual situation, not guesswork. If you're thinking about buying, selling, or refinancing soon, a quick conversation can help you see exactly where you stand and what your options really are. Let's walk through the numbers together and find the right move for you.
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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 Dante Zompetti team any time and we'll walk you through your options. |
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