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Mortgage Market Update
Rob luliucci Rob luliucci
Rob luliucci
Wednesday, September 2, 2026
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When rates move, your budget moves too |
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Hi there — this week I want to explain how rate changes ripple through your home buying and refinancing decisions. It's worth understanding before you make your next move.
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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
What changes when rates move
When mortgage rates shift, it affects more than just your interest payment. Your monthly payment, how much home you can afford, and the long-term cost of borrowing all move together. A rate increase can mean you qualify for a smaller loan amount on the same income, or your payment on that same home climbs higher. The opposite is true when rates drop — your buying power expands, and payments ease. Understanding this connection helps you make smarter decisions about timing, price range, and whether your current situation still makes sense. If you've been watching the market and wondering how recent changes affect your options, I'd love to walk through the real impact on your specific situation. Let's talk about what today's rates mean for your goals.
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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 Rob luliucci Rob luliucci team any time and we'll walk you through your options. |
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