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Mortgage Market Update
My Mortgage Company
Julie Jacobsen
Wednesday, September 2, 2026
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Refinancing isn't always worth it |
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Hi there — I want to share some straight talk about when refinancing actually pays off, and when it's better to leave well enough alone.
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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 drop or your situation changes. The real question is whether the long-term benefit outweighs the cost and time to close a new loan. Sometimes staying put is smarter than starting over, especially if you're a few years into your current mortgage. I help borrowers run the numbers honestly — not to push a deal, but to show what actually pencils out for your goals. Whether you're looking to lower your payment, shorten your term, or tap equity for a real need, the math needs to work for you, not just sound good. If you've wondered whether refinancing deserves a second look, let's talk through your specific situation. Reach out and I'll walk you through whether refinancing makes sense right now.
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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
Julie Jacobsen
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