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Mortgage Market Update
My Mortgage Company
Todd Holman
Wednesday, September 2, 2026
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Does refinancing make sense right now? |
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I get questions about refinancing all the time—and for good reason. With so many options out there, it's worth knowing when a refinance actually pencils out for 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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Refinancing Basics
When refinancing actually makes sense
Refinancing isn't always the right move—even when rates drop or your situation changes. The real question is whether the benefits (lower payment, shorter loan term, better rates) justify the closing costs and time involved. Sometimes staying put is smarter. That's why I recommend running the numbers before you decide. Every situation is different, and what works for one homeowner might not work for another. I'm here to walk through the math with you, no pressure either way. If you'd like to explore whether refinancing could help your situation, I'm happy to take a look at your loan and run some scenarios.
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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
Todd Holman
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