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Mortgage Market Update
My Mortgage Company
Cal Kee
Wednesday, September 2, 2026
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Does refinancing make sense for you? |
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Hi there. This week I want to talk about a question I hear often: Is now a good time to refinance?
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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 Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't a one-size-fits-all move. It can lower your monthly payment, shorten your loan term, or help you tap into home equity—but only if the numbers work for your situation. The key is understanding what you'd pay in closing costs versus what you'd save over time. Sometimes a small rate drop isn't enough to justify refinancing. Other times, it's a smart financial move that pays off in months. The best way to know is to run the actual numbers on your loan. I'm happy to walk you through whether refinancing could benefit you right now, or if staying put makes more sense. Reach out anytime you'd like to explore your options—no obligation.
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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
Cal Kee
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