Mortgage Market Update

Jessica Glaeser

Wednesday, September 2, 2026

Your mortgage payment is doing more than you realize

Hi there. This week I want to talk about something that happens quietly every month—and how paying attention to it can change the way you think about your home.

National Mortgage Rates · August 27, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.55%

VA 30-Year

6.38%

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.

Smart Money

Why your next payment matters more than you think

Every mortgage payment you make does two things: it covers interest, and it builds equity in your home. Early on, more of that payment goes to interest. But as time passes, the balance shifts—more of each payment chips away at what you actually owe. Understanding this rhythm helps you see the real progress you're making, even when it doesn't feel dramatic month to month. If you've been in your home for a few years, you might be surprised how much principal you've paid down. That equity is real wealth, and it opens doors—whether you want to refinance, tap into it for a major project, or simply feel more secure in what you own.

I'd be happy to walk you through your loan and show you exactly where you stand.

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 Jessica Glaeser team any time and we'll walk you through your options.

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