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Mortgage Market Update
Keith Howell
Keith Howell
Thursday, August 27, 2026
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Does a rate move affect your plan? |
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Rates don't stay still, and neither should your strategy. Here's what homeowners should know right now.
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National Mortgage Rates · August 20, 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
Interest rates move regularly—sometimes up, sometimes down—and each shift changes the math on your mortgage. If rates drop, refinancing might make sense. If rates climb, you might lock in now or adjust your strategy. The key is knowing your options before you need them. That's where I come in. Whether you're thinking about your next move or just want to understand how rate changes affect your situation, I'm here to walk through what's possible. There's no rush, no pressure—just clarity on what makes sense for your goals. Let's talk about where rates are heading and what it means 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 Keith Howell team any time and we'll walk you through your options. |
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