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Mortgage Market Update
Angela Maw
Angela Maw
Wednesday, September 2, 2026
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Does your payment still fit your life? |
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I've noticed a lot of folks checking in about their monthly obligations as life evolves. Here's what homeowners sometimes forget: your mortgage can adapt.
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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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Affordability Check
When your budget needs a reality check
Life changes fast. A job shift, growing family, or unexpected expense can make you wonder if your current home payment still fits your life. The good news is that your options may be wider than you think. Depending on your situation, you might explore a longer loan term to ease monthly pressure, tap into home equity if you've built it, or simply review whether a refinance makes sense at today's rates. The point isn't to move heaven and earth—it's to make sure your mortgage is still working for you, not against you. If you're feeling stretched thin, let's talk through what's realistic. Reach out anytime you'd like to walk through your numbers together.
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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 Angela Maw team any time and we'll walk you through your options. |
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