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Mortgage Market Update
Adele Krsek
Adele Krsek
Wednesday, September 2, 2026
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Rate moves and your monthly payment |
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Rates are always moving, and that affects more than just the interest you pay. This week, let's look at the real impact on your wallet.
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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
How rate changes affect your monthly mortgage
When mortgage rates move, people often focus on the big picture—but what really matters is your monthly payment. Even small rate shifts change what you owe each month, which affects your budget and long-term savings. Understanding this relationship helps you make smarter decisions about when to lock in a rate, whether refinancing makes sense, or how much home you can comfortably afford. I'm here to walk you through how the numbers actually work for your situation, so you can plan with confidence. Let's talk through what rate movements mean for your specific loan.
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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 Adele Krsek team any time and we'll walk you through your options. |
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