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Mortgage Market Update
Chris Ristau
E3 Home Loans
Wednesday, September 2, 2026
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Your credit score could be costing you money |
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Hi there. Every borrower's situation is unique, and one of the biggest variables in your mortgage story is your credit history.
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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 credit score matters more than you think
Your credit score isn't just a number—it's one of the biggest factors that determines what interest rate you'll pay on a mortgage. Even a small difference in your rate can mean tens of thousands of dollars over the life of a loan. If your score has taken a hit, or if you're not sure where you stand, now is a good time to pull your report and look for anything you can improve before you apply. Small moves—like paying down existing balances or fixing reporting errors—can make a real difference. I'd love to walk you through what lenders see and what you can do to strengthen your position. Reach out, and let's talk about where your credit stands and what opportunities might be available to 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 Chris Ristau team any time and we'll walk you through your options. |
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