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Mortgage Market Update
Jason Thomas
Jason Thomas
Wednesday, September 2, 2026
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When rates shift, your options change |
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Hi there. Markets move, and mortgage rates move with them. Here's what you should know about staying ready.
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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
What to do when rates shift
Rate changes happen for reasons outside any of our control, and they affect your options in real time. When rates move, your monthly payment on a new loan changes, but so does the value of refinancing an existing loan—and sometimes the urgency shifts too. The best move today might look different next month. That's why I recommend checking in on your situation whenever rates take a meaningful turn. A quick conversation can help you figure out whether waiting, acting now, or locking something in makes sense for your specific goals and timeline. Let's talk about what a rate move means for your next step.
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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 Jason Thomas team any time and we'll walk you through your options. |
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