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Mortgage Market Update
My Mortgage Company
Trevor Flaten
Wednesday, September 2, 2026
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Rate moves—and what that means for you |
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Hi there. I wanted to share something I explain a lot, because it helps borrowers make smarter decisions.
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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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Payment Planning
What a rate change means for your monthly payment
When mortgage rates move, the first question I hear is: how much will my payment change? It's a smart thing to wonder about. Even a small shift in rates can affect what you owe each month, and understanding that relationship helps you plan your budget and decide whether a refinance makes sense for you. The good news is that you don't have to guess—we can show you exactly how a rate change would impact your specific loan. If you're curious what your payment might look like under different rate scenarios, or if you're wondering whether now is worth acting on, I'd love to walk through the numbers with you. Let's talk through what rate movement could mean 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 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
Trevor Flaten
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