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Wednesday, September 2, 2026 |
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Mortgage Market Update
Rate changes and what they mean for you
Hi there. I wanted to break down something I hear questions about all the time—how mortgage rates tie directly to your monthly payment, and why timing matters.
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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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Payment Planning
What happens to your mortgage payment when rates move
A lot of borrowers ask me whether they should wait for rates to drop before buying or refinancing. The short answer: rate movements directly affect what you pay each month, and understanding that connection helps you make better decisions. When rates are lower, your monthly payment goes down on a new loan or refi. When rates are higher, your payment goes up. But here's what matters most—locking in a rate you can live with today beats waiting for a "better" number that may not come. The difference between a good rate today and a slightly better rate months from now is often smaller than the risk of rates moving the other direction. If you're thinking about your next move, let's talk through the real numbers on your situation.
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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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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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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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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 Maier team any time and we'll walk you through your options.
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25 S Arizona Pl Suite 210, Chandler, AZ 85225
Matt
Matt Maier · Unsubscribe
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