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Mortgage Market Update
My Mortgage Company
Ascent Mortgage Partners
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 one of the most common questions I hear: whether now is a good time to refinance. The answer is almost never a simple yes or no.
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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 actually makes sense
Refinancing isn't always the right move—even when rates look attractive. The math depends on how long you plan to stay in your home, your current loan terms, and what you'd owe in closing costs. Sometimes a refinance pencils out beautifully; other times you're better off staying put. The key is running the real numbers for your specific situation, not just chasing a headline rate. If you've been wondering whether it's worth exploring, I'd like to walk through what a refinance would actually look like for you and whether it makes sense given your goals. Let's look at your numbers together and see if refinancing could work in your favor.
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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
Ascent Mortgage Partners
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