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Mortgage Market Update
My Mortgage Company
Kaden Harris — Kaden Harris CRM
Wednesday, September 2, 2026
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When rates move, your payment moves too |
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Rate changes ripple through your mortgage in ways that aren't always obvious. Here's what you should know.
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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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Affordability Planning
What happens to your budget when rates shift
Rate changes affect more than just your interest rate—they reshape what you can afford. When rates move, the monthly payment on the same loan amount changes too. This matters whether you're shopping for a home, thinking about refinancing, or just curious where you stand. Understanding how rates and payments connect helps you make smarter decisions about timing and loan choice. If you're considering a move or refinance soon, I'd be happy to walk through what today's environment means for your specific situation. Let's talk through how current conditions fit your plan.
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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
Kaden Harris — Kaden Harris CRM
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