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Mortgage Market Update
My Mortgage Company
Michael Rodriguez
Wednesday, September 2, 2026
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Is refinancing worth it for you? |
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I hear from a lot of homeowners who wonder if they should refinance. Here's how to think about it in a way that actually helps.
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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 makes sense for your situation
Refinancing isn't a one-size-fits-all move, and it's not something everyone should do right now. The real question is whether it moves you closer to your financial goals—whether that's lowering your monthly payment, shortening your loan term, or getting out of an adjustable rate. The best time to refinance is different for every borrower, which is why it pays to do the math on your specific loan. If you're wondering whether a refi could benefit you, I'd be happy to run through the numbers and show you what it might look like. No obligation—just a clear picture of your options. Get in touch, and we can explore whether refinancing is a smart move for 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
Michael Rodriguez
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