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Mortgage Market Update
My Mortgage Company
Kristina Graham
Wednesday, September 2, 2026
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Does refinancing make sense right now? |
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Hi there. Sometimes the best financial move is stepping back and asking whether a popular option actually fits your life. This week, let's talk about refinancing.
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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 for your situation
Refinancing isn't one-size-fits-all, and it's not always the right move—even when rates shift in your favor. The real question is whether the long-term savings justify the costs and effort of a new loan. A shorter loan term, lower monthly payment, or removing mortgage insurance are common reasons people refinance, but your timeline and financial goals matter most. If you're planning to stay in your home for several more years and curious whether a refinance could work for you, I'd love to walk through the numbers. There's no obligation—just a conversation about what makes sense for your situation. Reach out anytime, and we can talk through whether refinancing fits your plans.
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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
Kristina Graham
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