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Mortgage Market Update
My Mortgage Company
Jerry Siegel
Wednesday, September 2, 2026
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Does refinancing make sense for you right now? |
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Thinking about your mortgage options? Some weeks the right move is obvious—other weeks it takes a closer look.
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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 Strategy
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 benefit of a lower rate—or shorter loan term, or cash-out access—justifies the cost and time involved. Some borrowers see immediate value; others find they'd break even years down the road. The calculus depends on your timeline, how long you plan to stay in the home, and what you'd do with extra cash flow. If you're curious whether refinancing could work for your situation, I'm happy to walk through the numbers with you. There's no obligation—just a clear picture of whether it makes financial sense. Give me a call or email if you'd like to explore whether refinancing fits your goals.
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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
Jerry Siegel
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