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Mortgage Market Update
The Dendy Team
The Dendy Team
Wednesday, September 2, 2026
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Why buyer demand is cooling right now |
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The mortgage market is sending mixed signals this month. We're seeing weakness in home sales and buyer interest, but also some signs that builders are preparing for better times ahead.
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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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Home Affordability
When rising costs make refinancing worth a look
If you've owned your home for a few years, your situation has probably changed. Maybe your property taxes went up, or your insurance costs climbed. Maybe you're paying PMI that you'd like to drop. These shifts don't always mean you need to refinance, but they're worth reviewing. A refinance can sometimes help you shed mortgage insurance faster, lock in a better rate if one opens up, or restructure your loan to fit where you are now rather than where you were five years ago. The goal is always the same: lower your total cost of borrowing, not just chase a rate number. Let's talk through what makes sense for your specific loan and timeline.
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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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Mortgage News Daily
Home sales are slowing down again. Pending home sales—which track signed contracts on existing homes—dropped 2.3% in July and are at their lowest level since early 2026. High mortgage rates and record-high home prices continue to squeeze buyer demand.
| Key takeaway: If you're a buyer, this slower pace could give you more negotiating room, but don't wait forever—rates could move in either direction. |
Read full article →
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Mortgage News Daily
New home builders struggled to hold onto the gains they made in June. Sales dropped sharply in July as buyers continue to feel the pain of affordability constraints and elevated mortgage rates. Inventory is rising, which means builders have more homes sitting on the market.
| Key takeaway: A rise in new home inventory might create more negotiating power for buyers shopping the new construction market. |
Read full article →
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Mortgage News Daily
Housing starts declined 12.4% in July, showing that builders are being cautious about breaking ground on new projects right now. However, building permits ticked up, which historically points to stronger construction activity in the months ahead.
| Key takeaway: This pause in construction activity could eventually help ease some of the inventory shortage, though it may take a few months to show up in the market. |
Read full article →
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Mortgage News Daily
Home prices continue to inch upward nationally, but the growth is uneven—some regions are appreciating much faster than others. At the same time, inflation is still outpacing home value gains, which affects your buying power.
| Key takeaway: Where you buy matters more than ever right now; research your specific market before assuming national trends apply to your area. |
Read full article →
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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 The Dendy Team team any time and we'll walk you through your options. |
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230 Franklin Road, Bldg 2, Franklin, Tennessee, 37064
6154996335 | michaeldendy.com
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