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Mortgage Market Update
My Mortgage Company
Andrea Ransom
Wednesday, September 2, 2026
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Your move when mortgage rates shift |
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Hi there. This week I want to walk you through something that concerns a lot of borrowers—and rightfully so.
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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
What to do when rates shift
Rate movements happen regularly, and they affect your options in real ways. When rates go up, your monthly payment on a new loan increases—or you qualify for a smaller loan amount at the same payment. When rates fall, that's when refinancing or buying becomes more attractive for many people. The key is understanding where you stand right now: what you owe, what your current rate is, and what you might do differently if rates move in either direction. I'm here to run those scenarios with you whenever you'd like. There's no rush and no pressure—just clarity so you can make the best decision for your situation. Reach out anytime you want to talk through how rate changes might affect your home or your finances.
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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
Andrea Ransom
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