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Mortgage Market Update
Denise Abarca
Denise Abarca
Wednesday, September 2, 2026
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Your credit score—what lenders actually care about |
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Hi there. This week I want to touch on something that affects almost every conversation I have with borrowers: credit.
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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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Debt & Borrowing
Why your credit score matters more than you think
Your credit score isn't just a number—it's one of the biggest factors that determines what loan programs you qualify for and what rate you'll get offered. Even small improvements in your score can open up better options and potentially lower your costs over the life of a loan. If you're thinking about buying, refinancing, or just want to understand where you stand, it's worth knowing your actual score and what's driving it. The good news is that credit scores aren't fixed; they move as your financial habits change. I'd be happy to walk you through what lenders see and what moves the needle. Reach out if you'd like to talk through your credit profile and what it means for your next move.
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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 Denise Abarca team any time and we'll walk you through your options. |
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