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Mortgage Market Update
Naikeya Haley
Naikeya Haley
Wednesday, September 2, 2026
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When life changes, your mortgage matters |
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Hi there — I wanted to touch on something I see borrowers overlook all the time. Life doesn't stand still, and neither should your mortgage strategy.
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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 Money Habit
Why your loan officer wants to hear about life changes
Big things happen in life — a job change, inheritance, medical event, or family shift. Many people assume these are private matters irrelevant to their mortgage. They're not. When your situation changes materially, it affects what you can borrow, what you should borrow, and whether your current loan still fits. A promotion might open refinancing doors. A change in income might mean adjusting expectations. Even family changes — a new dependent, an aging parent moving in — can reshape your housing needs and borrowing strategy. The best time to talk through these shifts is when they happen, not when you're stressed or in a bind. I'm here to help you think it through and make sure your mortgage still serves you well. If something significant has changed in your world, let's talk about what it means for your home financing.
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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 Naikeya Haley team any time and we'll walk you through your options. |
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