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Mortgage Market Update
My Mortgage Company
Manila
Wednesday, September 2, 2026
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Should you refinance? Let's do the math |
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Hi there. I want to share something I talk about a lot with clients—when refinancing is actually worth your time and effort.
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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 right for everyone, and it's not something you should rush into just because rates shift. The real question is whether the benefit you'd gain—lower monthly payments, a shorter loan term, or getting out of an adjustable rate—is worth the cost and time involved in the process. Sometimes it is. Sometimes it isn't, and that's okay. I help borrowers run the real numbers so you can decide with confidence, not guesswork. If you've been wondering whether refinancing could work for your situation, I'm happy to walk through it with you. Reach out if you'd like to talk through whether refinancing makes sense for you right now.
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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
Manila
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