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Wednesday, September 2, 2026 |
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Mortgage Market Update
Understanding your loan terms better
Hi there. This week I want to talk about something that matters more than most people realize: actually knowing the details of your mortgage.
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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 Borrowing
Why paying attention to your loan terms matters
When you're focused on your monthly payment, it's easy to overlook what's actually happening with your loan. But the terms you choose—how long you have to pay it back, what type of rate you lock in, how much you're putting down—these decisions ripple through your finances for years. I've worked with borrowers who didn't fully understand whether they had a fixed or adjustable rate, or how refinancing earlier could have saved them thousands. Knowing your own loan inside and out puts you in the driver's seat. Whether you're thinking about buying, refinancing, or just want to understand what you're carrying, I'm here to walk you through it in plain English. Let's review your loan together and make sure it still makes sense for your situation.
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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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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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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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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 Connie Oller team any time and we'll walk you through your options.
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30 S 7th Ave, Brighton CO 80601
303-717-3223
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