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Mortgage Market Update
Jim Hoggan
Jim Hoggan
Wednesday, September 2, 2026
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When rate movement actually matters to you |
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Hi there,
I've had a lot of questions lately about whether now is the right time to move. Let me share what I'm seeing.
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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 Moves
What to do when rates drop (and when they don't)
Rate movements can feel unpredictable, and it's natural to wonder whether you should act. Here's the honest truth: not every rate shift calls for a major move. Sometimes a small dip isn't enough to justify closing costs. Other times, a modest improvement in your monthly payment or loan terms makes real sense. The key is running the actual numbers for your specific situation—not chasing every headline or waiting for a "perfect" moment that may never come. Whether you're thinking about refinancing, buying now, or just staying put, I can help you see what makes financial sense for you. There's no one-size-fits-all answer, which is why a straightforward conversation is worth your time. Reach out and we'll walk through your options together.
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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 Jim Hoggan team any time and we'll walk you through your options. |
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