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Mortgage Market Update
My Mortgage Company
Roy Paeth
Wednesday, September 2, 2026
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What's your credit score really doing? |
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Hi there. This week I want to focus on something that quietly shapes every loan offer you receive: your credit score.
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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 Borrowing
Why your credit score matters more than you think
Your credit score isn't just a number—it's one of the biggest factors that shapes what you can borrow and what you'll pay. Even small differences in your score can affect your interest rate, which ripples through your entire monthly payment and the total cost of your loan. If your score has improved since you last borrowed, or if you're thinking about a major purchase soon, it's worth understanding where you stand. A clearer picture of your credit now can help you make smarter decisions later—whether that's waiting a few months, paying down some balances, or moving forward with confidence. I'm happy to walk through what lenders see and what might help you get into a stronger position. Let me know if you'd like to talk through your credit profile and what it means for your borrowing power.
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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
Roy Paeth
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