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Mortgage Market Update
My Mortgage Company
Brian Klotz
Wednesday, September 2, 2026
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Does refinancing make sense for you? |
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I'm often asked whether now is the right time to refinance. The honest answer is: it depends on your specific circumstances.
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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 isn't always the right move, even when rates look attractive. The key is whether the long-term savings justify closing costs and the time you plan to stay in your home. Some people refinance to lower their rate, others to shorten their loan term or tap equity for repairs or debt payoff. Each situation is different. If you've been thinking about it but aren't sure whether it pencils out for you, that's exactly what I'm here to help you figure out. A quick conversation can show you the real numbers and help you decide if it's worth pursuing right now. If you're curious whether refinancing could work for your situation, let's 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
Brian Klotz
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