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Mortgage Market Update
My Mortgage Company
Quail Man Inc
Wednesday, September 2, 2026
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Should you refinance? Let's find out. |
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Hi there. Sometimes the best financial move isn't obvious until you sit down and look at the details. This week, I want to talk about refinancing.
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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 it makes sense to refinance your mortgage
Refinancing isn't one-size-fits-all, and it's worth revisiting every couple of years—or sooner if your situation changes. The main reason people refinance is to lower their monthly payment when rates drop, but there are other smart reasons: shortening your loan term, switching from adjustable to fixed, or tapping equity for home improvements or debt consolidation. The key is weighing your closing costs against how long you plan to stay in the home. If you're not sure whether refinancing pencils out in your case, I'm happy to walk through the numbers with you. A quick conversation can show you exactly what it would look like. Reach out if you'd like me to run a no-pressure refinance analysis 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
Quail Man Inc
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