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Mortgage Market Update
My Mortgage Company
Ryan Winter
Wednesday, September 2, 2026
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Does refinancing make sense for you? |
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Hi there. I get asked often whether now's a good time to refinance. The answer depends on more than just rates—let's break it down.
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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 makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates dip or your situation changes. The real question is whether the benefits outweigh the costs and the time you'll stay in your home. If you're planning to move in a few years, refinancing might cost more than you'll save. But if you're settled long-term, lower rates or a shorter loan term could meaningfully reduce what you pay over time. The key is running the actual numbers for your specific loan and timeline—not just chasing the headline rate you see advertised. I'd be happy to walk through whether refinancing makes sense for you right now. Let's talk about your goals and see if it pencils out. Reach out if you'd like help evaluating whether a refinance fits your situation.
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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
Ryan Winter
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