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Mortgage Market Update
Yoriz Flores
Yoriz Flores
Wednesday, September 2, 2026
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Why a fixed rate might be right for you |
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Hi there. I want to tackle a question that comes up every single week—and the answer might surprise you.
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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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Fixed vs. Adjustable
Why most borrowers choose fixed rates
When you're shopping for a mortgage, one of the first decisions is whether to lock in a fixed rate for the entire loan or start with an adjustable rate. Fixed rates stay the same from day one to payoff—your payment never changes, which makes budgeting predictable and simple. Adjustable rates typically start lower, but can move up after an initial period, which means your payment could too. Most borrowers prefer the certainty and peace of mind that comes with a fixed rate, especially in uncertain economic times. If stability matters to you—and it matters to most people—that's worth discussing. I'm happy to walk through both options and show you what 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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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 Yoriz Flores team any time and we'll walk you through your options. |
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