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Mortgage Market Update
My Mortgage Company
Xpert Home Lending
Wednesday, September 2, 2026
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Should you lock in now or wait longer? |
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Hi there. I've been thinking about one of the most common questions homeowners ask me—and I wanted to share my honest take.
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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 Timing
When it makes sense to lock in your rate
One question I hear often is: should I wait to see if rates drop, or move forward now? The truth is, timing the market perfectly is nearly impossible—even for professionals. What matters more is understanding where you stand. If you're planning to buy or refinance in the next few months, waiting indefinitely means you're betting against your own timeline. Rate locks exist for a reason: they let you plan with certainty. I always tell clients that the best rate is the one that works with your situation today, not the one you hope for tomorrow. If you'd like to talk through your specific circumstances and what rate movement could mean for your goals, I'm here to help you think it through. Reach out anytime—let's talk about what timing makes sense for you.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Xpert Home Lending
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