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Mortgage Market Update
Dusty Feller
Dusty Feller
Wednesday, September 2, 2026
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When rates move, here's what to consider |
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Hi there. Rates are always on the move, and I wanted to share a quick reality check on what that actually means for you and your home.
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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
What to do when rates shift
Rate movement happens—sometimes it catches people by surprise, and they're not sure what it means for their situation. Here's the practical truth: when rates move up, your monthly payment on a new loan would be higher. When rates move down, the opposite is true. But here's what matters more than the direction: whether your current rate and loan still make sense for your goals. If you've been thinking about your mortgage but weren't sure whether to act, a rate shift is often a good time to take stock. I can walk you through what's changed and whether it opens or closes any doors for you. Let's talk about what these rate moves mean for your specific 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 Dusty Feller team any time and we'll walk you through your options. |
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