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Mortgage Market Update
My Mortgage Company
The Samuels Team Powered By Mpire Financial
Wednesday, September 2, 2026
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Should you refinance right now? |
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Hi there. Markets are always shifting, and so are opportunities to strengthen your financial position. This week I want to talk through one of the most common questions I hear.
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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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Refinance Strategy
When does refinancing actually make sense?
Refinancing isn't always the right move, even when rates drop. The real question is whether the savings over time justify the costs and effort involved. If you're planning to stay in your home for several more years, a refi might pencil out. But if you're thinking of selling or moving soon, those upfront costs might never pay back. The math is personal — it depends on your loan balance, how long you plan to stay, and where rates sit. I'm happy to walk through the numbers with you so you can make a decision based on your actual situation, not just headlines about rates moving. Let's sit down and figure out whether refinancing makes sense for your home and timeline.
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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
The Samuels Team Powered By Mpire Financial
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