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Mortgage Market Update
Marc Hayes
Marc Hayes
Wednesday, September 2, 2026
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Could rising rates help your home plans? |
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Hi there. I wanted to share something I'm seeing play out in the market right now that 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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Affordability Check
When higher rates actually work in your favor
It sounds counterintuitive, but rising rates can shift what you're able to afford—and sometimes that's a good thing. When rates climb, home prices often soften as fewer buyers compete. Your buying power might stretch further than it did six months ago, even if your monthly payment looks similar. The same logic works for refinancing: if you're thinking about tapping equity or consolidating debt, higher rates mean lenders are more selective, which can actually mean better terms for qualified borrowers. The takeaway: don't assume higher rates automatically mean worse news. Sometimes the market realigns in ways that open new doors. Let's talk about what your situation looks like right now—give me a call or send a message.
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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 Marc Hayes team any time and we'll walk you through your options. |
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