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Mortgage Market Update
My Mortgage Company
Mischa Rytz
Wednesday, September 2, 2026
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Should you refinance? Here's how to know. |
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Hi there. I get a lot of questions about refinancing, and I've noticed borrowers don't always know where to start.
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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 (and when it doesn't)
Refinancing sounds appealing on the surface — the chance to lower your payment or shorten your loan. But it's not always the right move. The key is understanding your own timeline and numbers. If you're planning to stay in your home long enough to recoup the costs of refinancing, it may pencil out. If you're selling in a few years, probably not. The same goes for rates — a small dip might not justify the process, but a meaningful shift could free up real money over time. Everyone's situation is different, which is exactly why it's worth a conversation before you decide. I can walk you through your specific numbers and help you figure out if now is the right time for you. If you're curious whether refinancing could work for your situation, reach out and we can talk it through.
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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
Mischa Rytz
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