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Mortgage Market Update
My Mortgage Company
Christopher Larson
Wednesday, September 2, 2026
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Does refinancing make sense right now? |
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Hello — this week I want to tackle a question I hear often: should I refinance? The answer depends on your goals and timeline, not just market conditions.
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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 a one-size-fits-all move. Some borrowers benefit from locking in a better rate or shortening their loan term. Others find that closing costs, a higher rate environment, or a short time horizon before selling make it less worthwhile. The real question isn't whether rates have moved — it's whether the math works for your specific situation. I look at factors like how long you plan to stay in the home, your current loan terms, and what you're trying to accomplish. If you've been wondering whether now is the right time to refinance, I'd like to run those numbers with you. Let's talk through your options without any pressure. Reach out and we can review whether refinancing makes sense for your circumstances.
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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
Christopher Larson
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