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Mortgage Market Update
My Mortgage Company
Marcus Szczerbacki
Wednesday, September 2, 2026
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Should you refinance? Let's find out. |
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Hi there — I wanted to share some thoughts on a question I hear often from homeowners. Whether refinancing makes sense depends on your goals and your timeline, and I'm happy to help you figure out where you stand.
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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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Smart Refinancing
When refinancing makes sense for your situation
A lot of homeowners ask me whether they should refinance, and the honest answer is: it depends. Refinancing isn't always the right move, but when the timing and numbers align, it can lower your monthly payment, shorten your loan term, or help you tap equity for a big project. The key is understanding what you're trying to accomplish and whether the costs to refinance are worth the benefit you'll gain over time. I'm here to walk you through the math and help you decide if it's worth exploring right now. Let's talk about whether refinancing could work for you — reach out anytime.
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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
Marcus Szczerbacki
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