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Mortgage Market Update
My Mortgage Company
Jared Fuller — Jared Fuller
Wednesday, September 2, 2026
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Your monthly payment isn't set in stone |
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Hi there — mortgage rates are always moving, and that ripple effect touches more than just numbers on a screen.
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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, your monthly payment moves with them — but a lot of people don't realize how much. Even a small change in rate can affect what you can afford to borrow, or what you'll pay over the life of a loan. If you're thinking about buying, refinancing, or just curious where your finances stand, it's worth understanding how rates touch your actual monthly budget. The good news is that rate moves are temporary, and your options usually are more flexible than they feel in the moment. I'd be happy to walk you through what a rate change means for your specific situation. Let's talk about how current rates affect your goals.
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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
Jared Fuller — Jared Fuller
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