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Mortgage Market Update
My Mortgage Company
Eddie Berengue — Edge Home Finance
Wednesday, September 2, 2026
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When your payment feels like too much |
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Hi there—this week I want to talk about something I hear more often than people realize: the weight of a payment that doesn't quite fit anymore.
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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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Payment Planning
When your budget feels tight, know your options
Life changes fast. A job transition, growing family, or unexpected expense can make your current mortgage payment feel like a stretch—even if you've been managing fine for years. The good news is you're not stuck. Depending on your situation, you might have flexibility through loan modifications, payment adjustments, or even a refinance to a longer term. The key is talking to someone who knows your full picture before stress builds up. I've helped borrowers navigate tighter months by exploring what actually works for their life right now, not just what looked good on paper five years ago. If your payment is feeling tight, let's talk through what options might fit your real situation.
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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
Eddie Berengue — Edge Home Finance
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