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Mortgage Market Update
Nina Rose
Nina Carpenter
Wednesday, September 2, 2026
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The payment conversation we should have |
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Hi there. This week I want to shift focus from interest rates to something more personal—your actual comfort with a mortgage payment.
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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
Why your budget matters more than the rate
I talk with borrowers every week who focus so hard on interest rates that they lose sight of what really matters: can you afford the payment? Here's the thing—even a small rate change moves your monthly payment, but your actual budget is what determines whether a mortgage feels comfortable or stressful. Before you get too caught up in rate shopping, take time to think honestly about what monthly payment fits your life. Factor in property taxes, insurance, HOA fees, and maintenance. A lower rate is great, but a payment you can sustain for thirty years is better. When you're ready to talk numbers and see what different loan amounts or terms might look like for your situation, I'm here to walk through the options with you. Let's talk about what payment range makes sense for you.
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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 Nina Rose team any time and we'll walk you through your options. |
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