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Mortgage Market Update
My Mortgage Company
Tyrone Jefferson
Wednesday, September 2, 2026
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Does refinancing make sense for you? |
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Some weeks I get asked about refinancing more than anything else. That tells me it's on your mind too—and for good reason.
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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 a one-size-fits-all move. The decision really comes down to your situation: how long you plan to stay in your home, your current loan terms, and what rates are doing. If you're thinking about it, I'd look at your break-even point—basically, how many months it takes for your savings to cover the costs of refinancing. If you're staying put long enough to cross that line, it can be worth it. But if life circumstances might change, it's worth a conversation first. I'm here to walk you through the math so you can decide with confidence. Let's talk about whether refinancing fits your goals 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
Tyrone Jefferson
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