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Mortgage Market Update
Marc Pierannunzio
Marc Pierannunzio
Wednesday, September 2, 2026
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Does refinancing actually pay off? |
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Not every rate drop triggers a refinance. Here's what actually matters when deciding whether to make a move.
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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 a rate drop is worth the paperwork
Not every rate movement means you should refinance. There's a real cost to the process—application fees, appraisals, title work—and it takes time. The question isn't whether rates fell; it's whether they fell enough to justify closing costs and reset your loan timeline. I help borrowers run the math to see if refinancing actually moves the needle for their situation. Sometimes it's a clear yes. Other times, waiting makes more sense. Either way, you deserve to know the real answer, not just a sales pitch. Let's talk through your numbers together. If you're wondering whether refinancing makes sense right now, I'd be happy to walk through the numbers 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 Marc Pierannunzio team any time and we'll walk you through your options. |
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