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Mortgage Market Update
Anthony Yousif
Anthony Yousif
Wednesday, September 2, 2026
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Does refinancing make sense right now? |
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Hi there—I've had a few people ask lately whether they should refinance. It's a fair question, but the answer depends entirely on your own 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
Should you refinance? A straightforward look.
Refinancing isn't always the right move, even when rates shift. The real question is whether the monthly savings and long-term benefit outweigh the cost to close a new loan. I work with borrowers who sometimes assume they need to refinance whenever rates drop—but if you're staying in your home for just a couple more years, the math might not pencil out. Other times, people hold off when refinancing could genuinely lower their payment or shorten their loan term. The key is running honest numbers specific to your situation: your current rate, remaining loan term, and how long you plan to stay. That's where I come in. Let's talk through whether it makes sense for you. Reach out and we can look at your numbers together.
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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 Anthony Yousif team any time and we'll walk you through your options. |
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