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Mortgage Market Update
Erez Shimoni
Erez Shimoni
Wednesday, September 2, 2026
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A Tale of Two Tech Cities: San Francisco’s Housing Market Boom... |
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Welcome to your mortgage market update from Erez Shimoni for Wednesday, September 2, 2026. This week we've rounded up the latest news from Redfin and HousingWire and Mortgage News Daily and The Close so you have everything you need in one place. Read on for the stories that matter most to homebuyers and homeowners right now.
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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 Timing
The case for locking in when rates dip
Rate movements can feel random, but they follow real economic signals. When rates drop—even slightly—it creates a window of opportunity for borrowers who've been waiting or thinking about refinancing. The longer you wait, the less predictable the direction becomes. If you're on the fence about your current mortgage, a dip in rates is exactly when it makes sense to run the numbers. Even small rate improvements can add up to meaningful savings over the life of your loan. The key is acting decisively rather than hoping for a better deal that may never come.
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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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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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Redfin
Click the link below to read the full article.
| Key takeaway: A Tale of Two Tech Cities: San Francisco’s Housing Market Booms While Seattle Slumps |
Read full article →
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HousingWire
Underwriting should separate current taxes from stabilized taxes and account for local reassessment rules
| Key takeaway: Underwriting should separate current taxes from stabilized taxes and account for local reassessment rules |
Read full article →
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Mortgage News Daily
The new home market struggled to maintain the momentum seen in June, with sales falling sharply in July and inventory moving higher. The latest Census Bureau and HUD figures point to another month of uneven activity for builders, as buyers continue to contend with affordability constraints and elevated mortgage rates. Sales of new single-family homes fell to a seasonally adjusted annual rate of 60
| Key takeaway: The new home market struggled to maintain the momentum seen in June, with sales falling sharply in July and inventory moving higher. |
Read full article →
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The Close
Compare the six best virtual staging software options for 2026, including pricing, features, and tips for creating realistic listing photos. The post The 6 Best Virtual Staging Software & Virtual Staging Guide in 2026 appeared first on The Close .
| Key takeaway: Compare the six best virtual staging software options for 2026, including pricing, features, and tips for creating realistic listing photos. |
Read full article →
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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 Erez Shimoni team any time and we'll walk you through your options. |
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908-705-5882 | www.applywitherez.com
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