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Mortgage Market Update
Jason Stroder
Evolve Capital Lending
Wednesday, September 2, 2026
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A small habit that changes your payoff timeline |
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Hi there—I wanted to share something about mortgages that doesn't get talked about enough: the real impact of what happens after you sign the papers.
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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 paying extra toward principal matters
One of the most overlooked ways to build wealth through homeownership is accelerating your mortgage payoff by making extra payments toward principal. Even small additional amounts—say, an extra payment once or twice a year, or a modest bump to your monthly payment—can meaningfully reduce the total interest you'll pay over the life of your loan and shorten the time until you own your home free and clear. The earlier in your mortgage those extra dollars go, the more powerful the effect. I always encourage borrowers to understand their specific loan terms and payoff scenarios before committing to a strategy, but for many people, this simple habit transforms their long-term financial picture. If you'd like to explore what an accelerated payoff plan might look like for your situation, I'm happy to walk through the numbers with 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 Jason Stroder team any time and we'll walk you through your options. |
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