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Mortgage Market Update
My Mortgage Company
Tyson Wynia — Tyson Wynia
Wednesday, September 2, 2026
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Your mortgage payment is stable—here's what isn't |
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Hi there,
I wanted to touch on something that catches a lot of homeowners off guard: while your loan payment stays the same, other parts of homeownership don't always hold steady.
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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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Affordability Check
When your monthly payment changes—what to watch
Your mortgage payment is locked in, but other costs around homeownership can shift. Property taxes may increase, insurance premiums often rise, and if you're carrying a mortgage with less than 20% down, your PMI won't disappear on its own—you'll need to request its removal once you've built enough equity. Knowing what moves and what stays put helps you plan ahead and catch opportunities to lower your overall housing costs. If you're wondering whether it's time to revisit your loan or explore ways to trim expenses, I'm here to walk through your options. Let's talk about your situation and what might work best for you.
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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
Tyson Wynia — Tyson Wynia
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