| |
 |
Wednesday, September 2, 2026 |
|
|
Mortgage Market Update
Why your neighbor's rate isn't yours
Hi there. Every week I hear borrowers comparing rates they've heard about. Here's what really moves the needle on your number.
|
|
|
|
National Mortgage Rates · August 27, 2026
|
%22%2C%22fill%22%3Atrue%2C%22tension%22%3A0.4%2C%22pointRadius%22%3A4%2C%22pointBackgroundColor%22%3A%22%2313283f%22%2C%22borderWidth%22%3A2%7D%5D%7D%2C%22options%22%3A%7B%22plugins%22%3A%7B%22legend%22%3A%7B%22display%22%3Afalse%7D%7D%2C%22scales%22%3A%7B%22y%22%3A%7B%22ticks%22%3A%7B%22callback%22%3A%22function(v)%7Breturn%20v%2B%5C%22%25%5C%22%7D%22%2C%22color%22%3A%22%23666%22%7D%2C%22grid%22%3A%7B%22color%22%3A%22rgba(0%2C0%2C0%2C0.06)%22%7D%7D%2C%22x%22%3A%7B%22grid%22%3A%7B%22display%22%3Afalse%7D%2C%22ticks%22%3A%7B%22font%22%3A%7B%22size%22%3A11%7D%2C%22color%22%3A%22%23666%22%7D%7D%7D%7D%7D&w=520&h=180&bkg=white&f=12) |
|
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.
|
| | |
|
Rate Environment
Why your neighbor's rate isn't your rate
I talk to homeowners all the time who heard a friend got approved at a certain rate and assume that's what they'll get too. The truth is more nuanced. Your rate depends on your credit profile, the loan program you choose, how much you're putting down, the property itself, and market conditions when you apply. Two people with similar finances can walk away with different numbers based on these factors. That's why it's worth having a real conversation about what you'd actually qualify for, rather than chasing a number you heard secondhand. If you're curious what your situation looks like, I'm happy to walk through it with you.
|
|
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.
|
|
Tips for Homeowners
Understanding Mortgage Points
|
|
1.
|
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.
|
|
2.
|
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.
|
|
3.
|
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.
|
|
|
|
Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Sylvia Sanders team any time and we'll walk you through your options.
|
|
12230 El Camino Real #100 San Diego, CA 92130
760-429-4470
The Sanders Team | Military Lending Pros · Unsubscribe
|
|
