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Mortgage Market Update
My Mortgage Company
Chandler Robbins
Wednesday, September 2, 2026
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Your payment strategy matters as much as the rate |
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Hi there. I'm diving into something I discuss with nearly every client: the real relationship between rates, terms, and the payment that lands in your budget each month.
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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
Why your monthly payment matters more than you think
When you're shopping for a home or considering a refinance, it's easy to fixate on the interest rate. But here's what I see with my clients: the monthly payment is often what actually shapes your financial life. A rate that seems slightly higher might come with a loan structure that keeps your payment stable, or it could free up cash flow for other goals. Conversely, chasing the absolute lowest rate sometimes means a longer loan term that costs you more over time. The smartest borrowers think about their whole financial picture—not just today's rate, but how their housing payment fits into their budget for the next five, ten, or thirty years. Let's talk through what a payment structure would work best for you. I'd be happy to walk you through how different loan options would affect your monthly payment.
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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
Chandler Robbins
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