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Mortgage Market Update
My Mortgage Company
Anthony Glenn
Wednesday, September 2, 2026
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Does refinancing make sense right now? |
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Hi there,
Sometimes the best financial move is knowing when not to move at all. Other times, it's the opposite.
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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 it makes sense to refinance your mortgage
Refinancing isn't always the right move, but there are a few situations where it's worth exploring. If you're carrying a higher rate than what's available now, or if your financial picture has improved since you bought, refinancing could lower your monthly payment or shorten your loan term. It can also make sense if you want to tap into your home's equity for a major expense—though that's a decision worth thinking through carefully. The key is understanding your own timeline and goals. If you're planning to stay in your home long-term, the math usually works out better. I'm happy to walk you through whether it makes sense for your situation—no pressure, just honest guidance. 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
Anthony Glenn
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