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Mortgage Market Update
My Mortgage Company
Duane Vizinau
Wednesday, September 2, 2026
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Does refinancing fit your plan right now? |
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There's a lot of noise out there about refinancing. I want to help you cut through it and figure out what actually works for your home and your finances.
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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 for your situation
Refinancing isn't right for everyone, but it can be a smart move if the terms align with your goals. Some borrowers refinance to lower their monthly payment, others to shorten their loan term or switch from an adjustable rate to a fixed one. The key is understanding what you're trying to accomplish and whether the costs involved make sense for your timeline. If you're planning to stay in your home long-term, the math usually works differently than if you're thinking about selling in a few years. I'd be happy to walk through your specific situation and show you whether refinancing could actually put you ahead. Let's talk through whether a refinance makes sense for 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
Duane Vizinau
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