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Mortgage Market Update
Matt Isaacs
Matt Isaacs
Wednesday, September 2, 2026
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Want to pay off your house sooner? |
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There are smart ways to build equity faster without stress. This week I'm sharing a strategy that works for borrowers at every stage.
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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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Prepayment Strategy
One small payment habit that changes everything
I talk to homeowners all the time who wish they could pay off their mortgage faster without completely overhauling their budget. The good news: you don't need a windfall to make a real difference. Even modest extra payments toward principal—whether monthly, quarterly, or when a bonus lands—can shorten your loan term and save you thousands in interest over time. The key is consistency and making sure those extra dollars actually go toward reducing what you owe, not just sitting in escrow. Before you commit to a strategy, it helps to run the numbers with someone who can show you the real impact. I'm here to walk through the options that fit your situation. Let's talk about how small adjustments could work for your loan.
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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 Matt Isaacs team any time and we'll walk you through your options. |
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