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Mortgage Market Update
My Mortgage Company
Zompetti Team - DELETE - DUPLICATE
Wednesday, September 2, 2026
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Does refinancing make sense right now? |
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Hi there—I wanted to touch base about something I hear a lot of questions about lately. Refinancing can be a smart move, but only if the numbers truly work in your favor.
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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 shift. The real question is whether the benefits outweigh the costs and effort involved. Sometimes a rate drop of a half-point justifies refinancing; other times, you're better off staying put. It depends on how long you plan to stay in your home, your current loan balance, and what fees you'd pay to refinance. I work with borrowers to run the actual math—not the promotional version—so you know exactly what you'd gain or lose. If you've been wondering whether refinancing makes sense for your situation, let's talk through it together. Reach out if you'd like me to walk through the numbers with you.
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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
Zompetti Team - DELETE - DUPLICATE
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