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Mortgage Market Update
My Mortgage Company
Kristopher Matyas
Wednesday, September 2, 2026
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Does refinancing make sense right now? |
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Hi there. As rates and your financial life change, it's worth asking whether your current loan still fits your goals.
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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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Refinance Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the long-term savings justify the cost and time involved. Some borrowers benefit immediately; others need to stay put longer to break even. Your loan type, how much you owe, how long you plan to stay in your home, and current market conditions all play a role. I've seen plenty of borrowers make money on a refi, and I've also seen others avoid a costly mistake by waiting. The best way to know if it's right for you is to run the actual numbers on your specific situation. If you're wondering whether refinancing could work for you, let's talk through your options.
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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
Kristopher Matyas
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