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Mortgage Market Update
My Mortgage Company
Keith Collins — Keith Collins
Wednesday, September 2, 2026
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Your home costs are going up—here's what to know |
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Every homeowner feels it: the year-over-year creep in what it costs to own a home. Today I want to share some real options.
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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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Home Affordability
When rising costs make you wonder if you're stuck
If you're a homeowner watching property taxes, insurance, or maintenance costs climb, you might feel like you're trapped. But there are often more options than you think. Some borrowers find relief through refinancing to a different loan term, others discover they have enough equity to tap into for improvements or consolidation. Even first-time buyers can prepare themselves by understanding how these costs factor into what they can truly afford. The key is knowing what levers you actually have to pull. I'd love to walk you through what might work for your situation—whether that's exploring your current mortgage or getting ready for your next move. Let's talk about what might ease the squeeze on your monthly costs.
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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
Keith Collins — Keith Collins
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