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Mortgage Market Update
My Mortgage Company
Nick Robertson
Wednesday, September 2, 2026
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Does refinancing make sense right now? |
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I'm checking in with a topic that comes up often: refinancing. Whether you're curious or considering it seriously, here's what you need to know.
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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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Refinance Basics
When refinancing makes sense for your situation
Refinancing isn't one-size-fits-all, and the right move depends on where you are in your loan and what your goals are. Some borrowers refinance to lower their rate and monthly payment. Others tap into home equity for cash, consolidate debt, or switch from an adjustable to a fixed rate for peace of mind. The key is understanding what you're trying to accomplish and whether the costs involved make sense for your timeline. If you've been in your current loan for a while, or if your financial picture has shifted, it's worth taking a fresh look. I'm happy to walk you through whether refinancing could work for you, no obligation. Reach out and let's talk through your options.
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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
Nick Robertson
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