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Mortgage Market Update
Swift Mortgage
Swift Mortgage
Wednesday, September 2, 2026
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Should you think about refinancing right now? |
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Hi there — with so much change happening in the mortgage world, I wanted to share some clarity on a question I hear often.
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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 Basics
When refinancing makes sense for your situation
I talk with homeowners all the time who wonder if refinancing is worth it. The truth is, it depends on your goals. Some people refinance to lower their monthly payment, others to shorten their loan term or tap into home equity for a major project. The math works differently for each scenario, and there's no one-size-fits-all answer. What matters is understanding your break-even point — how long you plan to stay in the home, what your current loan looks like, and what you're trying to accomplish. I'm happy to walk through the numbers with you and show what refinancing could look like in your case. Reach out if you'd like to explore whether refinancing 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 Swift Mortgage team any time and we'll walk you through your options. |
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