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Mortgage Market Update
My Mortgage Company
Roberta Rustin
Wednesday, September 2, 2026
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Should you refinance? Here's how to tell |
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Hi there. This week I want to talk about one of the most common questions I get—and one that deserves a straight answer instead of a quick 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 Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question is whether the benefits outweigh the cost and time involved. Sometimes staying put is smarter than chasing a lower rate. I talk to homeowners who've built solid equity and have stable income—they're the best candidates to explore it. But if you're planning to move in a few years, or if your credit has taken a hit since you got your loan, refinancing might not pencil out. That's why I always recommend running the numbers first. There's no one-size-fits-all answer, which is exactly why a conversation can help clarify whether it's worth your time. If you're curious whether refinancing could work for your situation, I'd be happy to walk through it with you.
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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
Roberta Rustin
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