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Wednesday, September 2, 2026 |
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Mortgage Market Update
Your rate depends on more than you'd think
Hi there. Every week, I see borrowers surprised to learn that mortgage rates aren't one-size-fits-all. Here's what actually shapes the number you'll see.
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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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Rate Environment
Why your neighbor's rate might differ from yours
Interest rates get all the headlines, but they're only part of your story. Two borrowers shopping on the same day can end up with different rates based on credit profile, down payment size, loan type, and property details. It's one reason I always recommend getting a personalized rate quote rather than relying on what you see advertised or what a friend paid last month. Understanding what moves your rate helps you make smarter decisions about whether to lock in now, shop around, or wait. I'm happy to walk you through how your specific situation affects your options.
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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 Chris Laye team any time and we'll walk you through your options.
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460 Shadowood Ct Roswell GA 30075
678-313-4879
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