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Mortgage Market Update
Matthew Bramow
Matthew Bramow
Wednesday, September 2, 2026
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Your mortgage payment: what can change |
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Every loan is different, and knowing the specifics of yours puts you in control. This week I want to walk you through what typically stays fixed and what might shift over time.
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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 Money Habit
Why your mortgage payment might change
If you have an adjustable-rate mortgage or an ARM, you're probably aware that your rate can shift after an initial fixed period. But even borrowers with fixed-rate loans should know that their total monthly payment can move—usually because of changes to property taxes or homeowners insurance. Understanding what can and can't change in your loan helps you budget with confidence and plan ahead. If you're unsure whether your mortgage terms lock everything in or leave room for adjustment, that's exactly the kind of question I'm here to answer. Give me a call or send a message if you'd like to review your loan structure and what to expect down the road.
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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 Matthew Bramow team any time and we'll walk you through your options. |
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