One Real Mortgage · September 2, 2026

Should you refinance? Here's how to tell.

Mortgage Market Update

My Mortgage Company

One Real Mortgage

Wednesday, September 2, 2026

Should you refinance? Here's how to tell.

I hear from a lot of homeowners wondering whether now is a good time to refinance. Let me share how to think about it.

National Mortgage Rates · August 27, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.55%

Rate trend

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.


Refinance Strategy

When a refi makes sense (and when it doesn't)

Refinancing gets a lot of attention, but it's not always the right move. The math comes down to a few basics: how long you plan to stay in your home, what your new rate and fees would be compared to your current loan, and whether you're trying to lower your payment, shorten your timeline, or tap into equity for something important.

I find that borrowers who refinance with a clear goal in mind—not just chasing a lower rate—tend to feel good about the decision. If you're wondering whether it makes sense for your situation, I'd love to walk through the numbers with you. There's no obligation; it's just about making sure you have the full picture.

Let's talk through your refinance options—just reach out when you're ready.

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.

Tips for Homeowners

Understanding Mortgage Points

1.

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.

2.

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.

3.

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.

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.

Your Mortgage Advisor

M

My Mortgage Company

One Real Mortgage

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